Connect with us


Business and Brands

Contempt: Court Vacates Order Sentencing MD, Company Secretary of Fidelity Bank To Six Weeks In Prison

Published

on

Fidelity Bank

Court has vacated the order sentencing MD and Company Secretary of Fidelity Bank to six weeks in prison over contempt.

 

CityNews Nigeria reports that a Chief Magistrate Court sitting in Ikeja, Lagos has vacated its ruling that convicted and sentenced the Managing Dire

The court in an earlier ruling delivered on February 6, 2023, held that the Managing Director of Fidelity Bank, Nneka Chinwe Onyeali-Ikpe, and the Company Secretary, Mrs. Unuigboje Ezinwa should be committed to six weeks’ imprisonment over alleged disobedience of a garnishee order of the court restraining the bank from allowing a judgment debtor access to his account.

 

Advertisement

However, at the resumed proceedings on the matter on Feb 15, 2023, the court vacated the committal order on the premise of facts presented before the court that the alleged acts of contempt were not deliberate but arose out of a communication gap between the said parties and the erstwhile counsel. The court in its ruling also stated that the error or sin of the counsel should not be visited on a party or litigants. The court also noted that the monies which were the subject matter and fulcrum of the contempt proceedings have since been paid to the judgment creditor.

READ ALSO:   Fidelity Bank’s Courtesy Visit To Office Of The Senate President (Photos)

 

“From the materials presented before this court by the applicant, this application falls within the classic rule where the error or sin of the counsel should not be visited on a party or litigants. Moreover, the applicant has averred that the monies subject matter, the fulcrum of the contempt proceedings had since been paid to the judgment creditor. Having fully discharged this payment to the satisfaction of the judgment creditor, this court should not be seen to cry more than the bereaved”, Mr. Lateef Owolabi held.

ctor and Company Secretary of Fidelity Bank Plc to six weeks in prison or a fine of Four Hundred Thousand Naira respectively for contempt.

Advertisement
READ ALSO:   38m litres of petrol smuggled out daily- Customs CG

The Chief Magistrate, Mr. Lateef Owolabi vacated the order in Suit No: MIK/4726/22 between Justin Ahmed, (judgment creditor), Prince Enabulele Osazee, (judgment debtor), and Fidelity Bank Plc, (1st Garnishee/Applicant).

The solicitor to the bank explained that Fidelity Bank, being a law-abiding institution that will never or under any circumstance, directly or indirectly denigrate the integrity of the nation’s judiciary, had upon receipt of the garnishee order nisi on December 22, 2022, conducted a search immediately, and the result showed several accounts bearing similar names to the Judgment Debtor’s (Prince Enabulele Osazee). To prevent the bank from erroneously restricting the wrong account, the bank filed an affidavit requesting additional account details to enable it to ascertain the correct account(s) to restrict.

READ ALSO:   Blackout as National Grid Collapses Again

 

He further stated that, on January 16, 2023, the bank received the Judgment Creditor’s affidavit showing the account number of the Judgment Debtor. Armed with the correct account number, the bank immediately identified and placed a lien on the Judgment Debtor’s account. Unfortunately, during the intervening period, the judgment debtor had carried on depositing and withdrawing from his account.

Advertisement

 

In vacating the order on February 15, 2023, the Chief Magistrate held that based on the materials before the court, the applicant has been able to tether the law to the facts to warrant the grant of the relief sought on their own strength and not based on lack of opposition.

 

Advertisement







Also Read...