Chief Executive Officer of Providus Bank Limited, a new generation, Walter Akpani may be committed to prison over the bank’s alleged refusal to unfreeze bank accounts belonging to Energen Oil and Gas Limited and Applause Global Services Nig, Ltd.
Joined defendants alongside Providus Bank Limited are three other banks.
In a notice of consequences of disobedience to order of court, Justice M. Savage of the Lagos State High Court ordered the four banks to immediately unfreeze bank accounts belonging to Energen Oil and Gas Limited and Applause Global Services Nig, Ltd.
The court further restrained the respondents either by themselves, any officers or privies, however, so called from placing a lien, restriction, and/or post no debit on any of the applicants’ accounts domiciled with any of the respondents without any lawful justification.
The court gave the order upon reading the originating motion on notice dated June 25, 2024.
Following the arguments made by the applicant’s counsel, Abayomi Alagbada, the court ordered the respondents to lift the restrictions and allow full access to the bank accounts.
The court specifically instructed Providus Bank to allow the beneficiaries of the applicants to operate their accounts without any hindrance.
