The Federal High Court in Lagos has placed a “Post No Debit” (PND) on the accounts of seven businessmen and four firms in eight banks pending an investigation of how N1,426,100,430 was fraudulently transferred from a Lebanese firm.
Justice Akintayo Aluko issued the order on August 20, 2024, after hearing a motion ex parte presented and argued by the Department of State Security (DSS) through its counsel, Michael Bajela.The order subsists for 90 days
The complainant in the case is Fouani Nigeria Limited, while the respondents affected by the order and their corresponding bank details are as follows:
Haruna Adam Abubakar – 1709985717 (Access Bank), Anthony Godwill Ifeanyi – 1236732473 (Access Bank), Tochukwu Modestus Obodoefuna – 1565420706 (Access Bank), M. Munzali Dara Worldwide Business – 5601060742 (Fidelity Bank), Anthony Ifeanyi Electronic Trading – 5420158002 (Keystone Bank), Kholobekian Joseph Mesrob – 1016886802 (UBA), Izuchukwu Stanley Alaman Jo – 2137303667 (UBA), A.S. Rano Lubricant Toll Inv. Ltd – 1305567771 (Providus Bank), Obioma Emeka Daniel – 1005922923 (FCMB), Esto World Mega Venture Resources – 2004467010 (Globus Bank), and Mubarak Buhari – 8066868814 (Opay).
The court then adjourned further proceedings until November 22, for the compliance report.
“Post No Debit” is a term used by banks to indicate a restriction on specific accounts, preventing customers from making withdrawals, transfers, or any other debit transactions.
In seeking the order, Mr. Bajela supported his application with an affidavit sworn by DSS operative Joshua Babalola. Babalola stated that the Department of State Security (DSS) received a petition from the Nigeria Inter-Bank Settlement System Plc (NIBSS) titled “Request for Investigation into Unauthorized Fund Transfers on Fouani Nigeria Limited Account.”
The petition, dated August 1, 2024, was signed by Richard Bello, Chief Audit Executive, and Olusola Odediran, Chief Information Security Officer.
According to the petition, a total of N1,426,100,430.00 was fraudulently transferred by the respondents from Fouani Nigeria Limited’s accounts at Access Bank (0690342734), GTBank (0004018789), Zenith Bank (1010248929), and UBA Bank (1004536508).
“The petitioners therefore requested that the DSS investigate the matter and prevent the respondents from withdrawing the funds from their respective bank accounts listed in our motion paper,” Babalola stated.
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