Polaris Bank says it is yet to receive a garnishee order directing the Central Bank of Nigeria (CBN) to freeze its account over a judgment debt of N2.16 billion. The
The order was issued by Adegboyega Adebusoye, the presiding judge, following an application filed by Charles Titiloye, Ondo attorney-general and commissioner for justice.
However, Polaris Bank clarified that the effect of the order is not to freeze its account with CBN but to set aside the disputed judgment amount until the case has been heard.The bank said the matter is on appeal and a motion for stay of execution is pending before the court of appeal.
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