5th July, 2012
By Akin Kuponiyi
A Lagos high court sitting in Ikeja, southwest Nigeria, has ordered that all monies in the account of a Lagos company, G. Cappa, domicile with First Bank of Nigeria Plc should be attached to satisfy a judgement sum of N1,477,443.63.
The order of the court was sequel to an affidavit in support of application for Garnsihee order sworn to by a litigation officer, Ejiro George Abanum, and field before the court by Barrister Oluwole Kehinde. The deponent averred that a Lagos company, Alsamond Electrical Enterprises Limited, obtained judgement in the court before Justice Bukola Adebiyi in a legal action against G. Cappa for the payment of N4 million pursuant to the terms of settlement dated 10 November, 2008, and the said sum was supposed to be liquidated in seven instalments from 15 November, 2008 to 15 May, 2009.
However, the company paid only N2.2 million, leaving the balance of N1.8 million.
It was discovered that the company has account in First Bank Plc and five other banks and the banks were served with summons to show cause.
After due consideration of the submission of the counsel to the judgement creditor, the court ordered that the account of G. Cappa with First Bank Plc should be attached to satisfy the judgement sum of N1.8 million minus bank charges.