3 Skye Bank chiefs risk jail over contempt

3 Skye Bank chiefs risk jail over contempt

Monday, January 18, 2016 2:42 pm

Akin Kuponiyi

A federal high court sitting in Lagos south west Nigeria will decide tomorrow whether to commence the hearing of committal to prison proceeding filed against three principal officers of Skye Bank Plc, the Chairman, Olatunde Ayeni(CON),the Group Managing Director/Chief Executive Officer Mr Timothy Oguntayo,and the company Secretary Mrs Abimbola Izu.

The trio have been accused of disobeying the order of the court over freezing Zamfara State government accounts domiciled with them.

The hearing should have commenced since last year but the bank filed an application staying proceeding in the mater pending the outcome of an appeal filed at the court of appeal.

The lower court adjourned till tomorrow awaiting the decision of the appellate court.

On 30 September 2015, the court entered judgment in favour of. Ecobank Nigeria Limited in the sum of N3.1 billion against the Zamfara State government.

The case was filed by a legal practitioner, Mr Oluwafunmilola Salami from the law firm of Kunle Ogunba.

On the 20th of October,2015 the court granted garnishee order nisi attaching the funds of the Debtors found domiciled with various banks.

Consequently the court asked the debtors to show cause why the order should not be made absolute. On the 16th of November,2015 the order was affirmed, the orders were duly served on Skye bank Plc.

Despite being served with the orders of the court and the various letters from the Ecobank solicitors, Skye bank refused to comply with the orders of the court mandating it to attach the accounts of Zamfara state government.

Join The Conversation

What do you think?

This site uses Akismet to reduce spam. Learn how your comment data is processed.