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Breaking: FCT High Court seals up Abuja Firstbank Headquarters

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The headquarters of Firstbank located at the Central Business District, Abuja, had been sealed up by the FCT High Court Enforcement Unit over failure to comply with a garnishee order.

A garnishee order is one of the options open to a judgment creditor to enforce a judgment that has been made in his favour.

It is a common way of enforcing a judgment debt and is solely used to enforce monetary judgments against a debtor to recover money.

It was reported that officials of the FCT High Court Enforcement Unit stormed the bank (Coomasie) with towing vans and cranes and towed some of its valuables.

Items carted away included stand-by generators, Hilux vans and air conditioners among other valuables.

An official of the court, who spoke to our correspondent on grounds of anonymity said, “it is a long story, but it is all about a garnishee order against the bank which it didn’t comply with’’.

Efforts to get the head of the unit and the bank’s officials to speak on the development proved abortive.

Some staff of the bank while reacting to the development, described it as embarrassing, saying it could had been handled differently.

Our correspondent also made efforts to get the banks Headquarters in Lagos to react to the development, but to no avail as calls and text messages put across to the cell phone of an official in the Communications Unit of the bank were not responded to.

Most of the bank’s customers were seen in groups hanging outside the bank’s premises.

vanguard newspaper

Emmanuel Mogbede

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.

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