An order which was made by Justice Adebusoye in an application filed by Ondo Attorney General and commissioner for Justice, sir Charles Titiloye revealed that an Ondo Court has granted a garnish order directing the Central Bank of Nigeria to freeze the account of Polaris Bank over a judgement debt of N2,162,561,509.84k
The judgement which was delivered in suit AK/75/2017 stated that Titiloye had filled the application over alleged failure and neglect of the bank to meet the condition of the stay of execution of the judgement. It was gathered that the Polaris Bank made unlawful deductions from the Government's account with the bank and ordered a refund payment of damages.
However, further hearing of the matter was adjourned to Monday, January 16, 2023 after Justice Adebusoye granted leave to the state government to garnish the account of Polaris Bank with Central Bank of Nigeria.
Source: The Nation
