Tag Archives: court

Court jails Fidelity Bank MD, Secretary for contempt

A Chief Magistrate Court in Ogba, Lagos State has jailed the Managing Director of Fidelity Bank PLC, Nneka Chinwe Onyeali-Ikpe, and Company Secretary, Ezinwa Unuigboje. The Magistrate, Lateef Owolabi jailed the Managing Director and Company Secretary six weeks each recently. Lateef jailed Onyeali-Ikpe and Unuigboje for disobedience of a garnishee order of court restraining the bank from allowing a judgment ...

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Court orders CBN to freeze account of Polaris Bank

An Ondo High Court has granted a ganishee order directing the Central Bank of Nigeria(CBN) to freeze the account of Polaris Bank over a judgment debt of N2,162,561,509.84k. The order was made by Justice Adebusoye in an application filed by Ondo Attorney General and Commissioner for Justice, Sir Charles Titiloye, for Ganishee order nisi attaching all the sums of indebtedness ...

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Alleged N1.8 trn Tax Evasion: Court rules in favour of Multichoice

Tax appeal tribunal (TAT) has ruled that Multichoice Nigeria Limited met the conditions necessary to prosecute an appeal against the N1.8 trillion tax levied on it by the Federal Inland Revenue Service (FIRS). Multichoice is the owner of the satellite televisions, DStv and Gotv – popular subscription-based platforms in Nigeria. At the hearing in Lagos on Wednesday, the administrative court ...

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