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Court Freezes Stallionaire Nigeria Limited, Deji Somoye Bank Accounts Over N5.8bn Debt

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Stallionaire Nigeria Limited

Federal High Court in Lagos has frozen Stallionaire Nigeria Limited, Deji Somoye bank accounts over N5.8bn debt.

BrandNewsDay reports that Justice Ibrahim Kala of the Federal High Court in Lagos has granted a Mareva Injunction temporarily freezing N5,858,692,168.58 found in the bank accounts of Stallionaire Nigeria Limited, Deji Somoye.

This Nigeria news platform understands that Justice Kala gave the interim order while ruling on a Suit FHC/L/CS/509/2024 between Union Bank Of Nigeria Plc and Stallionaire Nigeria Limited, Somoye and Supreme Shipping and Marine Services Limited.

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Other parties listed as respondents are all commercial banks and FinTechs.

The applicant, through their lawyers Tayo Adamolekun, G. Akinde-Peters and Boluwatife Oloyede, had filed a motion ex-parte application, backed by an affidavit sworn to by Segun Omoshola seeking several prayers.

Their application sought the following reliefs, an order varying the interim order for Mareva Injunction made by the court on March 25, 2024, to discharge orders (1), (2), (3), and (4) principally attaching the defendants’ vessels and to strike out the names of the 4th to 8th respondents.

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The counsel submitted before the court that the application was filed so the court would not make an order in vain.

After listening to the lawyers, the court ordered that an interim order of Mareva Injunction be granted, freezing the defendant’s accounts and connected with the 2nd defendant’s BVN domiciled with the 4th to 31st respondents of all monies standing to their credits up to the tune of N5,858,692,168.58 or its equivalent value in any foreign currency pending the hearing and determination of the motion on notice dated May 20, 2024.

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