A Federal High Court in Lagos has restrained Triton Aqua Africa
Ltd, Bharat Ventures Ltd, Globus Resources Ltd, Seafood Products
Ltd and Mr Ashvin Samtani from accessing their funds up to
N2,193,610,859.47 billion in 24 banks.
![image](/2021/04/lawp1.jpg")
Justice Oluremi Oguntoyinbo, who made the order in suit
FHCLCS/354/2021, ruled that the interim order subsists pending the
hearing and determination of the Motion and Notice filed by Union
Bank of Nigeria Plc.
![image](/2021/01/payne-alex.jpg")
The judge also restrained them in the interim from disposing of
their assets at 49 Apapa-Oshodi Expressway, Ijeshatedo, Lagos and
27, Inuwa Abdulkadir Road, Kakuri Industrial Layout, Kaduna South
Local Government Area (LGA), Kaduna.
The banks, who are 6th to 28th respondents, are: Fidelity Bank,
First Bank of Nigeria, First City Monument Bank, Guaranty Trust
Bank, Globus Bank Ltd, Heritage Bank, Jaiz Bank Ltd, Keystone Bank
Ltd, Polaris Bank Ltd, Providus Bank, Stanbic IBTC Bank Nigeria
Ltd, Standard Charted Bank Nigeria Ltd, Sterling Bank, Suntrust
Bank Nigeria Ltd. Titan Trust Bank Ltd, ,United Bank for Africa,
Unity Bank, Wema Bank and Zenith Bank Plc.
The order followed Union Bank’s March 4, 2021 motion ex-parte in
the alleged debt recovery suit.
The judge stopped the five defendants in the interim “from
dealing with any of the monies standing to their credit in custody
or that may come to be in custody of the 6th to 28th respondents up
to the tune of N2,193,610,859.47 or its equivalent in any foreign
currency, pending the hearing and determination of the Motion and
Notice.
She further restrained the 24 banks and Union Bank or anyone
acting on their behalf from releasing to the 1st to 5th defendants
any monies, funds or any other instrument belonging to them up to
N2,193,610,859.47 or Its equivalent in any foreign currency, that
may be or found in their custody or possession.
She further restrained in the interim Triton Aqua Africa, Bharat
Ventures, Globus Resources, Seafood Products and Samtani or anyone
under their authority from tempering with, their assets/properties
within their premises at 49 Apapa-Oshodi Expressway, Ijeshatedo,
Lagos State.
The 1st to 5th Defendants or anyone under their authority were
also restrained in the interim from tempering howsoever with any of
the 1st to 3rd Defendants’ assets/properties “within the premises
of the property at 27, Inuwa Abdulkadir Road, Kakuri Industrial
Layout, Kaduna South Local Government Area (LGA), Kaduna,
particularly but not limited to all the assets/properties of the
4th Defendant, which have been charged in favour of the Plaintiff
by virtue of a Deed of All Assets Debenture dated 25 May, 2011
between Seafood Products Ltd (the issuer) and the Plaintiff on the
account of the 2nd Defendant.”
The 6th to 28th respondents were also directed “to disclose on
oath whatever sum of money that may be in their custody belonging
to the Defendants for further direction of the Honourable
Court.”
The judge adjourned till April 14, 2021 for hearing of the
Interlocutory Application.
A Federal High Court in Lagos has restrained Triton Aqua Africa
Ltd, Bharat Ventures Ltd, Globus Resources Ltd, Seafood Products
Ltd and Mr Ashvin Samtani from accessing their funds up to
N2,193,610,859.47 billion in 24 banks.
Justice Oluremi Oguntoyinbo, who made the order in suit
FHCLCS/354/2021, ruled that the interim order subsists pending the
hearing and determination of the Motion and Notice filed by Union
Bank of Nigeria Plc.
The judge also restrained them in the interim from disposing of
their assets at 49 Apapa-Oshodi Expressway, Ijeshatedo, Lagos and
27, Inuwa Abdulkadir Road, Kakuri Industrial Layout, Kaduna South
Local Government Area (LGA), Kaduna.
The banks, who are 6th to 28th respondents, are: Fidelity Bank,
First Bank of Nigeria, First City Monument Bank, Guaranty Trust
Bank, Globus Bank Ltd, Heritage Bank, Jaiz Bank Ltd, Keystone Bank
Ltd, Polaris Bank Ltd, Providus Bank, Stanbic IBTC Bank Nigeria
Ltd, Standard Charted Bank Nigeria Ltd, Sterling Bank, Suntrust
Bank Nigeria Ltd. Titan Trust Bank Ltd, ,United Bank for Africa,
Unity Bank, Wema Bank and Zenith Bank Plc.
The order followed Union Bank’s March 4, 2021 motion ex-parte in
the alleged debt recovery suit.
The judge stopped the five defendants in the interim “from
dealing with any of the monies standing to their credit in custody
or that may come to be in custody of the 6th to 28th respondents up
to the tune of N2,193,610,859.47 or its equivalent in any foreign
currency, pending the hearing and determination of the Motion and
Notice.
She further restrained the 24 banks and Union Bank or anyone
acting on their behalf from releasing to the 1st to 5th defendants
any monies, funds or any other instrument belonging to them up to
N2,193,610,859.47 or Its equivalent in any foreign currency, that
may be or found in their custody or possession.
She further restrained in the interim Triton Aqua Africa, Bharat
Ventures, Globus Resources, Seafood Products and Samtani or anyone
under their authority from tempering with, their assets/properties
within their premises at 49 Apapa-Oshodi Expressway, Ijeshatedo,
Lagos State.
The 1st to 5th Defendants or anyone under their authority were
also restrained in the interim from tempering howsoever with any of
the 1st to 3rd Defendants’ assets/properties “within the premises
of the property at 27, Inuwa Abdulkadir Road, Kakuri Industrial
Layout, Kaduna South Local Government Area (LGA), Kaduna,
particularly but not limited to all the assets/properties of the
4th Defendant, which have been charged in favour of the Plaintiff
by virtue of a Deed of All Assets Debenture dated 25 May, 2011
between Seafood Products Ltd (the issuer) and the Plaintiff on the
account of the 2nd Defendant.”
The 6th to 28th respondents were also directed “to disclose on
oath whatever sum of money that may be in their custody belonging
to the Defendants for further direction of the Honourable
Court.”
The judge adjourned till April 14, 2021 for hearing of the
Interlocutory Application.