By Femi Oyelola, Kaduna
A Federal High court sitting in Kaduna has granted an order of Post No Debit (PND) on a Kaduna business Mogul, Alhaji Bawa Garba, ABG Communications, and Engr. Mohammed Bawa Garba, Accounts
The Applicant, Asset Management Corporation of Nigeria (AMCON) has approached the Court in a Motion Ex-parte dated 28th March, 2022, praying the Court for an order for a Post No Debit (PND) operate by the respondent pending the determination of the proceedings for the recovery of debt of N1, 738,704,474.01 (One Billion Seven hundred and thirty eight million, Seven hundred and Four thousand, Four Hundred and Seventy Four Naira).
In a suit no. FHC/KD/AMC/1/2022, the applicant through his lawyer, Barrister A.A Salisu Esq., explained that the sum is made up of the Principal debt and accrued interest against the defendants pursuant to section 50 of the AMCON Acts, 2019 (as amended).
In the Motion Ex-parte, the applicant, (AMCON), also seeks an Order of the Honourable Court for a Post No Debit (PND) over any funds in any account linked to the BVN belonging to the 2nd and the 3rd defendants/respondents pending the determination/disposal of the proceedings for the recovery of the debt.
Barrister Salisu Esq. further seek an order directing the following banks: Access Bank Plc, Ecobank Nigeria Plc, Fidelity Bank Plc, First Bank Plc, First City Monument Bank PLC, Guaranty Trust Bank PLC, Heritage Bank Plc, Keystone Bank Limited, Polaris Bank Plc, Stanbic IBTC Bank Plc, Standard Chartered Bank, Sterling Bank Plc, Union Bank of Nigeria Plc, United Bank for Africa Plc, Unity Bank Plc, Wema Bank of Nigeria Plc, Zenith Bank Plc, Jaiz Bank Plc, and Taj Bank Plc, to file an affidavit before the Court disclosing any amount in the name of the Respondents/Defendants and standing to their credit and any sum therein as of the date of service of the order of the Court on the Banks.
The motion was supported by a 26 paragraphs affidavit and 4 exhibits deposed by one Aminu Sada.
In the ruling, Justice Mohammed G Umar granted the order of Post No Debit on all accounts linked to the 1st defendant.
The banks are Access Bank Nigeria Plc, Eco Bank, Fidelity Bank, First Bank, Heritage Bank, Keystone Bank, Polaris Bank, UBA Bank, Union Bank, Unity Bank, and Zenith Bank.
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