Court Freezes Dangote’s Account In Twenty Banks

Not Aliko Dangote, but his younger brother, Sani Dangote. According to reports, a Federal High Court in Lagos earlier today ordered 20 commercial banks in Nigeria to dishonour all withdrawal cheques from Sani Dagote and his companies, Dansa Foods Limited and Bulk Pack Services Limited until 11th September, 2014.

 
According to Punch, the high court Judge, Justice Okon Abang, gave the order while he was presiding over a case brought against Dangote by Union Bank. Union Bank had dragged his companies to court over alleged refusal to pay up the N5.2bn loan granted his company since 2008.

 
The Bank institute suites seeking an order of mareva injunction to restrain all the defendant’s bank in Nigeria –  Access, CITI, Diamond, Ecobank, Enterprise, Fidelity, Keystone, Mainstreet, Skye, Wema, Heritage, Sterling, Unity, Zenith Banks,  First Bank, First City Monument Bank, Guaranty Trust Bank, Stanbic IBTC, Standard Chartered Bank and United Bank for Africa through its lawyer, Mr Chukwudi Enebeli, from making Mr Sani Dangote and his companies to withdraw funds from their accounts pending the determination of the suits.


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