First Bank of Nigeria on Wednesday reacted to the court ruling which set aside the ex-parte order freezing the assets and accounts of General Hydrocarbons Limited (GHL), in connection with a disputed $225.8 million loan.
FBN said contrary to reports circulating in the media, GHL and its Directors are still under the shackles of Court Injunctions.
According to the bank, it is important to stress that the injunctive orders made by Justice Dipeolu on 30th December 2024 were eight in number out of which only two (2) were Mareva Orders.
The bank further stated that other injunctive orders namely, Orders 6, 7, 8, 9, 10, and 11 were not discharged or set aside, and remain valid and subsisting.
For the avoidance of doubt, First Bank maintains that GHL and its directors are still restrained from dealing with and/or dissipating monies in their respective accounts and assets connected to the subject matter of the suit.
