Nigeria: Court Blocks Nduka Obaigbena’s Accounts Over $225.8 Million First Bank Debt

The court forbids all banks from dealing in all monies and assets belonging to Mr Obaigbena and General Hydrocarbons Limited.

The Federal High Court, Ikoyi, Lagos, has granted an order restraining all commercial banks in Nigeria from releasing or dealing in all monies and assets up to $225.8 million due to Nduka Obaigbena from any account maintained by him.

Mr Obaigbena is the chairman and editor-in-chief of THISDAY Media Group and Arise News Channel.

The court also blocked all commercial banks…