Christopher Isiguzo in Enugu
Banking activities were on Tuesday grounded at all the branches of Access Bank within Enugu state as F. G.
Onyenewe Motors Nigeria began the
execution of a N636 million credit judgment it obtained against the
bank.
It was gathered that the legal tussle, which lasted several years, ended at the Supreme Court in April this year, with the ruling in favour of the transport company.
Some newsmen who monitored the execution observed that the court officials carried the bank's properties,
including computers and vehicles while the gates were
shut against customers.
The exercise, which began at the bank's regional
headquarters at the Garden Avenue in Enugu, was also
carried out at the Ogui Road branch.
Hundreds of customers ran from one branch of the
bank to another in order to make panic withdrawals but
it was not possible as banking activities were
suspended.
Lawyers to the judgment creditor, court bailiffs and a
unit of policemen from Enugu State Police Command
enforced the judgment against the bank, which drew
hundreds of passersby to the scene.
Speaking to journalists at the Ogui Road branch of the
bank, counsel to the plaintiff, Barr. Tagbo Ike, said it
was evident that the bank was not financially viable to
pay the judgment debt.
Banking activities were on Tuesday grounded at all the branches of Access Bank within Enugu state as F. G.
Onyenewe Motors Nigeria began the
execution of a N636 million credit judgment it obtained against the
bank.
It was gathered that the legal tussle, which lasted several years, ended at the Supreme Court in April this year, with the ruling in favour of the transport company.
Some newsmen who monitored the execution observed that the court officials carried the bank's properties,
including computers and vehicles while the gates were
shut against customers.
The exercise, which began at the bank's regional
headquarters at the Garden Avenue in Enugu, was also
carried out at the Ogui Road branch.
Hundreds of customers ran from one branch of the
bank to another in order to make panic withdrawals but
it was not possible as banking activities were
suspended.
Lawyers to the judgment creditor, court bailiffs and a
unit of policemen from Enugu State Police Command
enforced the judgment against the bank, which drew
hundreds of passersby to the scene.
Speaking to journalists at the Ogui Road branch of the
bank, counsel to the plaintiff, Barr. Tagbo Ike, said it
was evident that the bank was not financially viable to
pay the judgment debt.
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