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Court vacates N24b order against CBN

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Justice Evelyn Maha, in a ruling on October 13, 2020, upheld the argument by the lead lawyer to the CBN, Oyetola Atoyebi (SAN), that the earlier garnishee order nisi made, attaching the account of Guaranty Trust Bank Plc in the CBN, was wrongly made.

A Federal High Court in Abuja has set aside an order against the Central Bank of Nigeria (CBN) in respect of a judgment sum of N24,282,017,249.00.

Justice Maha held the failure of the plaintiff (judgment creditor) – Bendu Peter Services Nigeria Limited – to disclose that an application for stay of execution of the judgment, it sought to execute, was pending before another court, robbed her court of jurisdiction to hear the garnishee proceedings.

The judge, after vacating the order nisi made against the CBN, proceeded to dismiss the suit for want of jurisdiction.

The ruling was on the suit marked: FHC/ABJ/CS/563/2020 between Bendu Peter Services Nigeria Limited and another against GTB.

Bendu Peters Services Nigeria Limited had sued before the High Court of the Federal Capital Territory (FCT), challenging GTB’s actions in freezing, suspending, and refusing to allow cash withdrawal from its account when requested.

In a judgment on March 23, 2020, Justice Danlami Senchi of the High Court of the FCT, held in Bendu Peters’ favour, granted its reliefs and awarded a judgment sum of N24,282,017,249.00 against GTB.

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