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High Court Seals Up Abuja Firstbank Headquarters Over Debt


Based on a report by Day by day Belief, the headquarters of Firstbank situated within the Central Enterprise District, Abuja, had been sealed up.

The financial institution was sealed up by the FCT Excessive Courtroom Enforcement Unit over failure to adjust to a garnishee order.

A garnishee order is among the choices open to a judgment creditor to implement a judgment that has been made in his favour.

It’s a frequent approach of imposing a judgment debt and is solely used to implement financial judgments towards a debtor to get well cash.

The Information Company of Nigeria (NAN) experiences that officers of the FCT Excessive Courtroom Enforcement Unit stormed the financial institution (Coomasie) with towing vans and cranes and towed a few of its valuables.

Objects carted away included stand-by mills, Hilux vans and air conditioners amongst different valuables.

An official of the court docket, who spoke to NAN on grounds of anonymity, mentioned; “ it’s a lengthy story, however it’s all a few garnishee order towards the financial institution which it didn’t adjust to’’.

Efforts to get the top of the unit and the financial institution`s officers to talk on the event proved abortive.

Some workers of the financial institution whereas reacting to the event, described it as embarrassing, saying it may have been dealt with in another way.

NAN additionally made efforts to get the financial institution’s Headquarters in Lagos to react to the event, however to no avail as calls and textual content messages put throughout to the mobile phone of an official within the Communications Unit of the financial institution weren’t responded to.

A lot of the financial institution`s clients have been seen in teams hanging exterior the financial institution’s premises.

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