Justice A.I. Akobi of the High Court of the Federal Capital Territory has ordered the freezing of bank accounts belonging to TAK Logistics Limited, and TAK Agro Plc and their director, Thomas Etuh, over alleged debts amounting to N24.9 billion.
The court granted the interim order on Monday, following an ex parte application submitted by Mr. Mofesomo Tayo-Oyetibo( SAN), representing Keystone Bank Limited.
The order includes a Mareva injunction, restraining the defendants from accessing or dealing with any funds, shares, dividends or other financial instruments up to the amount in dispute.
In the ruling, the court directed all banks and financial institutions holding accounts operated by the defendants to preserve the funds and to file affidavits within seven days, disclosing the account balances and providing relevant bank statements.
The judge also barred the defendants from transferring, selling, or otherwise disposing of any movable or immovable property pending the resolution of the case.
It further granted an application for substituted service on the third defendant, Thomas Etuh, allowing Keystone Bank to serve court documents via courier or by posting them at his last known address.
The court ordered that: “The defendants, their directors, agents, privies, or representatives are hereby restrained from withdrawing, transferring, dissipating, or otherwise dealing with funds, shares, dividends, or any other financial instruments up to the sum of N24,934,741,718.91, or any part thereof, in any bank or financial institution.”
In addition, the court ordered immediate compliance by all affected banks and financial institutions, including a requirement to preserve any funds tied to the defendants and submit full account disclosures.
“Within seven days of being served with this order, each bank or financial institution shall file an affidavit stating the balances in all accounts held by the defendants, along with relevant statements,” It said.
The court said that the order applies to accounts associated with the defendants, including those linked to the Bank Verification Number (BVN) 22273745073.
The interim order will lapse seven days after it is served unless extended by the court.
Consequently, the case was adjourned untill July 22, 2025, for further hearing.
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