The court also ordered banks to desist from acting on “bankers order” served on them, particularly by the police, to freeze or place a post-no-debit order accounts on personal accounts.
The five siblings who were the plaintiffs who instituted the suit are Mrs Eunice Oddiri, Beauty Ogbodu, Chief Sunny Esiso, Edirin Esiso, and Mrs Emuobosa Consin. The plaintiffs were later released on bail but realised that their accounts had been frozen by their various banks which claimed to have received letters authorising them to so do from the office of the Inspector General of Police and the Commissioner of the Police in charge of the IGP Monitoring Unit.
They contend among others in their suit that that the order to freeze/post-no-debit obtained from the magistrate’s court and placed on their accounts on the strength of a non-existent law was illegal null and void.But in his judgment, Justice Ekwo ruled that GTB failed to effectively controvert the case of the plaintiffs as he held that there was no existing Nigerian law or relevant foreign law empowering magistrates to make such an order for freezing of persons’ accounts.
Source: Law Daily Report (lawdailyreport.net)
When people think they have powers beyond their Powers, law enforcement officers ignorant of the laws, Banks cannot even protect their customers because they lack basic knowledge of the law backing their institution.
volume pleaseeeeeee
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