Home News Court Threatens To Jail Defaulting Monetary institution Executives In Case Against Ajetunmobi Couple

Court Threatens To Jail Defaulting Monetary institution Executives In Case Against Ajetunmobi Couple

by Good News

A mixture of file photos of the couple.A Lagos Advise High Court sitting on the Osborne set up of residing in Ikoyi has threatened to penal complex executives of banks who fail to narrate the volume to the credit of Imagine World Maintaining Company Ltd, Imagine World Alternatives Ltd, and the Nigerian couple, Bamise and Elizabeth Ajetunmobi.

The 2 firms and the Ajetunmobi couple possess been linked to an N11.795bn investment fraud by some aggrieved Nigerian investors who filed the swimsuit sooner than the court docket.

In response to the candidates, the sum of N11.795bn is the prominent investments and return on investments accruing to them from the defendants.

On the listening to of the case on Wednesday (November 3), Justice Toyin Oyekan-Abdullahi, necessary that some banks are yet to conform with the court docket’s October 20, 2021 order granted in favour of the investors.

Study Also: Alleged Investment Fraud: Court Bars Banks From Releasing N11.79bn To Couple

The order restrained industrial banks in Nigeria from releasing funds up to N11,795,090,000 to the two firms and the Ajetunmobi Couple who possess reportedly fled to Antigua and Barbuda.

The order also commanded the banks to, amongst assorted things, file and aid on the candidates counsel within seven days, an affidavit disclosing the balance in the defendants’ accounts.

The order became sequel to a trip exparte filed by 17 candidates on October 15.

Justice Oyekan-Abdullahi expressed displeasure on the conduct of the banks who failed to strictly follow the court docket order.

She warned that moreover sanctioning any defaulting bank executive, any legal educated that acts contrary to the order of court docket also risk being sanctioned, because “the court docket will not allow the voters of this country to preserve weeping thanks to the absconding investors.”

The court docket became suggested that a form of tormented by the conduct of the Ajetunmobis and their firms became Wema Monetary institution which allegedly gave a mortgage to Imagine World in September, 2021, after accepting the defendants’ properties as collateral.

The bank, as an appealing celebration, subsequently filed an application seeking a discharge of the court docket order.

The candidates by their lawyers, on the different hand, antagonistic the appliance on the bottom that Wema Monetary institution is equally a victim by advantage of the personal guarantees the defendants executed in favour of the candidates as a long way aid as January 2020.

The candidates alleged that N17Billion had passed by Imagine World’s account with Wema Monetary institution between Also can 2020 and Also can 2021 and the bank is yet to insist sooner than the court docket, the detailed assertion of account of the company.

The candidates possess also resisted a rush by a firm, Mainstreet Capital Ltd seeking to be joined as co-claimant in the swimsuit.

Thru the laws firm of Babalakin & Co, Mainstreet Capital Ltd, which also invested in the defendants, approached the court docket.

The distinctive candidates, 17 of them insisted that someone with grievances against the couple “will possess to hurry and file their maintain case.”

The distinctive candidates are Mr Olabode Olanipekun, Mr Segun Animashaun, Mrs Abioye Idris, Mrs Erhi Ojoboh, Mrs Laurel Onumonu and Mr Olanrewaju Aderounmu.

Others are Mr Edet Udo, Mr Chikezie Nwokocha, Dr Onyekachi Onubogu, Mrs Aderonke Salami and Grantiff Investment Ltd.

Shalom Microfinance Monetary institution Ltd, Afrinvest Asset Administration Ltd, World Stonecrest Bureau De Change, Headway Microfinance Monetary institution Ltd, Hollandpark Bureau De Change and Alstom Matrix Ltd also made the checklist of candidates.

Justice Oyekan-Abdullahi thereafter adjourned except November 11, for the banks to indicate set up of residing off in compliance with the order of court docket.

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