Hmm... Court Stops Murtalas Son From Withdrawing From Own Bank Accounts A Lagos Federal High Court Wednesday granted a Mareva injunction restraining Risqua Mohammed, son of late Head of State, General Murtala Mohammed, from withdrawing funds from his accounts in any of the financial institutions in Nigeria. Justice Saliu Saidu, in his ruling, ordered that Mohammed and his company, AMG Petro-energy Limited, should not tamper with their funds in any financial institution in Nigeria, pending the hearing and determination of a debt recovery suit filed against them by Guaranty Trust Bank (GTB). Ruling in an ex-parte application filed by GTB’s lawyer, Norrison Quakers (SAN), Justice Saidu restrained the defendants jointly and severally by themselves, directors, agents, servants, privies, trustees, nominees, proxies, subsidiaries, companies, related companies or otherwise any person, natural or artificial, from tampering, withdrawing, drawing down, transferring in favour of any person or persons either wholly or in part, the sum of N1.4 billion, while interest continues to accrue at the bank’s lending rate. GTB had sued the defendants (AMG and Mohammed) over their failure to liquidate a multi-million dollars credit facility despite repeated demands of payment. Justice Saidu fixed Nov. 3 for hearing of the motion on notice.
Posted on: Thu, 23 Oct 2014 03:54:59 +0000
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