A Federal High Court in Lagos has summoned six top officials of Wema Bank Plc following contempt proceedings initiated against them by...
A Federal High Court in Lagos has summoned six top officials of Wema Bank Plc following contempt proceedings initiated against them by Heritage Bank in two suits involving Ondo State Government alleged judgment debts.
The order was sequel to two similar garnishee suits filed by Heritage Bank through its counsel Chief Ajibola Aribisala, SAN. It said the judgment against Idanre Local Government Universal Basic Education Authority is in the sum of N405.4 million.A decree nisi is a court order that will come into force at a future date unless a particular condition is met. If the condition is unmet, the ruling becomes a decree absolute, and is binding.
But Heritage Bank told the court that Wema Bank failed to comply with the order of the court to pay the money despite demands made by Aribisala for Heritage Bank.
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