First Bank’s Abuja Headquaters Sealed
The FCT High Court Enforcement Unit had shut up Firstbank’s headquarters in Abuja’s Central Business District due to the bank’s noncompliance with a garnishee order.
One of the alternatives available to a judgment creditor to enforce a judgment that has been rendered in his favor is a garnishee order.
It is a typical method of recovering a judgment debt and is only applied to recover money for monetary judgments against a debtor.
With cranes and towing vehicles, members of the FCT High Court Enforcement Unit raided the bank (Coomasie) and towed some of its valuables.
Among the assets removed were air conditioners, Hilux vans, and backup generators.
It is a long story, but it all revolves around a garnishee order against the bank that it didn’t comply with, according to a court officer who spoke to NAN on the condition of anonymity.
It was unsuccessful to communicate with the unit’s leader and bank officials about the development.
In response to the development, some bank employees called it embarrassing and suggested a new course of action.
As calls and texts sent to an employee of the bank’s communications unit’s cell phone went unanswered, the bank’s headquarters in Lagos likewise failed to reply to the development.
Most of the bank’s customers were seen in groups hanging outside the bank’s premises.
(NAN)
