By Enyichukwu Enemanna
The Federal Capital Territory High Court Enforcement Unit has sealed up the headquarters of First Bank Nigeria PLC located at the Central Business District of the nation’s capital, for failing to comply with a garnishee order.
They also made away with some valuables located in the premises.
A garnishee order is one of the options open to a judgment creditor to enforce a judgment that has been made in his favour. It is a common way of enforcing a judgment debt and is solely used to enforce monetary judgments against a debtor to recover money.
The Enforcement Unit of the court stormed the bank (Coomasie) with towing vans and cranes and towed some of its valuables, a News Agency of Nigeria’s report says.
Items carted away included stand-by power generating equipment, Hilux vans and air conditioners among other valuables.
An official of the court, who could not disclose his identity said; “ it is a long story, but it is all about a garnishee order against the bank which it didn’t comply with,” the report added.
The bank authorities have not responded to the development as at the moment of filling this report. Some of the staff however described it as embarrassing, saying it could have been handled differently.