• Contact Us
  • About Us
Friday, March 27, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home News

Court fixes Oct. 8 for Pinnacle’s N1bn Suit against ICPC, Zenith bank

metro by metro
June 27, 2019
in News
0
0
SHARES
0
VIEWS

ICPCAbuja Division of the Federal High Court has fixed Oct. 8 for hearing in a suit instituted by Pinnacle Communications Ltd. against the Independent Corrupt Practices and other related offences Commission (ICPC) and Zenith Bank Plc.

The matter earlier slated for Thursday, could not hold due to the absence of the judge, Justice Taiwo Taiwo; though, no reason was given by the court’s registrar on the judge’s absence.

Read Also

Concerns Over Trump’s  Reshaping Of US Historical, Cultural Institutions 

Trump’s Approval Hits New 36% Low As Fuel Prices Surge Amid Iran War-Poll 

Ghana’s president, In New York, says US ‘Normalizing’ Erasure Of Black History

The company had in July 2018, dragged ICPC to court for unlawfully withholding its money domicile in Zenith bank without a valid court order.

By the suit, which ICPC only filed its processes after ten months, the plaintiff is claiming a whooping N1billion against the anti graft agency as damages.

Specifically, the company is seeking “A declaration that the act of the first defendant in ordering the third defendant to place a “post-no-debit” restrictions on the plaintiff’’s account.

This, the company said, without any court order and or any valid court order is ultra vires, unlawful, injurious, unconstitutional and a breach of the plaintiff’s right to its movable property.

The plaintiff is also seeking, “A declaration that the act of the 2nd defendant in placing a “post-no-debit” restrictions on the plaintiffs account number 1012875804 with the 3rd defendant without any court order is unlawful.

“The company wants, “A declaration that failure of 3rd defendant to right the wrongful act of first defendant in ordering a “post no debit” restrictions on plaintiff’s account with the 2nd defendant without a valid court order is unlawful.

“Further more, the plaintiff is seeking “An order of perpetual injunction restraining the defendant from placing any restrictions on plaintiff’s account with the 2nd defendant without a valid and competent court order.

“An order of perpetual injunction restraining the 1st defendant from placing any form of restrictions on the plaintiff’s account with the 2nd defendant or any other bank or financial institution.

“In which the plaintiff maintains any account and or dealings, without a court order and or valid and competent court order.

“An order for the payment of the N1 billion as general, exemplary and punitive damages against the defendant for their unlawful and illegal act.

“At the last adjourned date of May 21, the court had directed all parties in the suit to file and exchange processes to enable the court hear all pending applications on June 27.”

News Agency of Nigeria (NAN), reports that Justice Nnamdi Dimgba, of the Federal High Court Abuja, had on Dec. 14, 2018, ordered the ICPC, to unfreeze the account of the company domicile with Zenith bank.

Justice Dimgba held that the action of ICPC was unlawful, illegal and therefore, null and void.

Tags: ICPCZenith Bank
Previous Post

FAAC: FG, States, LGCs share N679.69bn for the month of May

Next Post

Nigeria needs deep ports to attract bigger vessels –NSC boss

Related Posts

Concerns Over Trump’s  Reshaping Of US Historical, Cultural Institutions 
News

Concerns Over Trump’s  Reshaping Of US Historical, Cultural Institutions 

March 25, 2026
Trump Upset As US Partners Reject Call For Hormuz Warship Escorts 
News

Trump’s Approval Hits New 36% Low As Fuel Prices Surge Amid Iran War-Poll 

March 25, 2026
Ghana’s president, In New York, says US ‘Normalizing’ Erasure Of Black History
News

Ghana’s president, In New York, says US ‘Normalizing’ Erasure Of Black History

March 25, 2026
El-Rufai Dumps APC, Joins SDP, Moves To Woo Tinubus’s Political Opponents For 2027
News

Court Adjourns Nasir El-Rufai’s Bail Hearing To March 31

March 24, 2026
Next Post

Nigeria needs deep ports to attract bigger vessels –NSC boss

DPR Pursuing Alternative Feedstocks For Unit Utilisation, Promises To Reveal Identities Of Misleading Narrators

Petro Price Reduction Amid Global Oil Pressure Puts Dangote Under Scrutiny

March 27, 2026
Tinubu Swears-In Ministers Amid Slow Growth, Insecurity, Low Morale, Among Other Concerns

As Elections Draw Closer, FG Sets New Date For Power Generation Improvement

March 27, 2026

Four Climate Ventures to receive US$273,000 in Follow-on Support from BFA Global and FSD Africa

March 26, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version