• Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms and Conditions
Tuesday, June 30, 2026
Emerald News Nigeria
  • Home
  • Inside Delta
  • Health
  • Politics
  • Crime
  • Economy
  • Education
  • Relationship
  • Special Report
No Result
View All Result
  • Home
  • Inside Delta
  • Health
  • Politics
  • Crime
  • Economy
  • Education
  • Relationship
  • Special Report
No Result
View All Result
Emerald News Nigeria
No Result
View All Result

Contempt: Court vacates order sentencing MD, Company Secretary of Fidelity Bank to six weeks in prison

by Emerald Nigeria
February 22, 2023
in Economy
ShareTweetShareShare

A Chief Magistrate Court sitting in Ikeja , Lagos state has vacated its ruling that convicted and sentenced the Managing Director and Company Secretary of Fidelity Bank Plc to six weeks in prison or a fine of four hundred thousand Naira respectively for contempt.

The Chief Magistrate, Mr. Lateef Owolabi vacated the order in a Suit No: MIK/4726/22 between Justin Ahmed, (judgement creditor),  Prince Enabulele Osazee, (judgement debtor) and Fidelity Bank Plc, (1st Garnishee/Applicant).

The court in an earlier ruling delivered on February 6, 2023,  held that the Managing Director of Fidelity Bank, Nneka Chinwe Onyeali-Ikpe and the Company Secretary, Mrs. Unuigboje Ezinwa, should be committed to six weeks imprisonment over alleged disobedience of a garnishee order of the court restraining the bank from allowing a judgement debtor access to his account.

However, at the resumed proceedings on the matter on February 15, 2023, the court vacated the committal order on the premise of facts presented before the court that the alleged acts of contempt were not deliberate but arose out of communication gap between the said parties and the erstwhile counsel.

The court, in its ruling, also stated that the error or sin of the counsel should not be visited on a party or litigants. The court also noted that the monies which was the subject matter and fulcrum of the contempt proceedings has since been paid to the judgment creditor.

“From the materials presented before this court by the applicant, this application falls within the classic rule where the error or sin of the counsel should not be visited on a party or litigants.

Also Read:

Why NDC May Not Be On The Ballot In 2027: Facts Nigerians Need To Know

BREAKING: Court Sentences Former First Lady to 7 Years in Prison, And Here’s Why

The Establishment Has Declared War on Us — Dickson Reacts to Court Order Against NDC

Court Moves Against Former Kogi Governor Yahaya Bello, And Here’s What Happened Today

Moreover, the applicant has averred that the monies subject matter, the fulcrum of the contempt proceedings had since been paid to the judgment creditor.

 Having fully discharged this payment to the satisfaction of the judgment creditor, this court should not be seen to cry more than the bereaved”, Mr Lateef Owolabi held.

The solicitor to the bank explained that Fidelity Bank, being a law abiding institution that will never or under any circumstance, directly or indirectly denigrate the integrity of the nation’s judiciary, had upon receipt of the garnishee order nisi on December 22, 2022, conducted a search immediately, and the result showed several accounts bearing similar names to the Judgment Debtor’s (Prince Enabulele Osazee).

 To prevent the bank from erroneously restricting the wrong account, the bank filed an affidavit requesting additional account details to enable it ascertain the correct account(s) to restrict.

He further stated that, on January 16, 2023, the bank received the Judgment Creditor’s affidavit showing the account number of the Judgment Debtor. Armed with the correct account number, the bank immediately identified and placed a lien on the Judgment Debtor’s account. Unfortunately, during the intervening period, the judgement debtor had carried on depositing and withdrawing from his account.

In vacating the order on February 15,2023, the Chief Magistrate held that based on the materials before the court, the applicant has been able to tether the law to the facts to warrant the grant of the relief sought on their own strength and not based on lack of opposition.

Tags: courtFidelity Bank
ShareTweetShareSend
Previous Post

Buhari passes important message to presidential candidates prior to election

Next Post

JUST IN: AAC abandons Omoyele Sowore, announces Obi as presidential candidate, reasons given will shock you

Related Posts

Oborevwori Inspects Key Projects, Urges Isoko People To Deliver APC Candidates In 2027

Oborevwori Inspects Key Projects, Urges Isoko People To Deliver APC Candidates In 2027

June 29, 2026
FCMB Supercharges Mobile App with Rewards, Investments, and AI Support in Digital Banking Push

FCMB Supercharges Mobile App with Rewards, Investments, and AI Support in Digital Banking Push

June 28, 2026
Hot News!! Nigerian Governors Want More Than State Police, What They Want is Huge

FAAC Allocations: From Buhari’s ₦230 Billion to Tinubu’s ₦430 Billion Monthly: This Report Reveals Why Nigerians Should Go for Their Governor’s Jugular

June 27, 2026
109-Year-Old Akara Seller Arrested as Akara, Roasted Corn, Kulikuki Trend in Nigeria

109-Year-Old Akara Seller Arrested as Akara, Roasted Corn, Kulikuki Trend in Nigeria

June 27, 2026
“Akara Economics 101”: First Lady’s Small Business Advice Sparks Social Media Firestorm

“Akara Economics 101”: First Lady’s Small Business Advice Sparks Social Media Firestorm

June 26, 2026
CBN Orders Banks to Freeze Accounts of These 6 Individuals, 4 Bureau De Change Operators Over Alleged Terrorism Financing

CBN Orders Banks to Freeze Accounts of These 6 Individuals, 4 Bureau De Change Operators Over Alleged Terrorism Financing

June 25, 2026
Next Post
JUST IN: AAC abandons Omoyele Sowore, announces Obi as presidential candidate, reasons given will shock you

JUST IN: AAC abandons Omoyele Sowore, announces Obi as presidential candidate, reasons given will shock you

Trending

  • BREAKING: Governor sacks aide over post on WhatsApp status

    BREAKING NEWS THIS MORNING: Governor Sacks All Advisers, SSAs, SAs, Deputy Chief of Staff, Principal Private Secretary

    0 shares
    Share 0 Tweet 0
  • 24 Nigerian Universities Make Global Rankings – FG Reacts (See Full List and Their Global Positions)

    0 shares
    Share 0 Tweet 0
  • BREAKING: Court Sentences Former First Lady to 7 Years in Prison, And Here’s Why

    0 shares
    Share 0 Tweet 0
  • CBN Orders Banks to Freeze Accounts of These 6 Individuals, 4 Bureau De Change Operators Over Alleged Terrorism Financing

    0 shares
    Share 0 Tweet 0
  • Bullet, Blood and Kidnapping: Gunmen with Sporadic Shooting Disrupt NECO Exam, Kill Teacher, Move Students into Forest

    0 shares
    Share 0 Tweet 0
  • The Establishment Has Declared War on Us — Dickson Reacts to Court Order Against NDC

    0 shares
    Share 0 Tweet 0
  • 109-Year-Old Akara Seller Arrested as Akara, Roasted Corn, Kulikuki Trend in Nigeria

    0 shares
    Share 0 Tweet 0
  • Akpabio Fires Warning Shot at Governors, Says State Police May Hunt Them After Leaving Office If…

    0 shares
    Share 0 Tweet 0
  • Why NDC May Not Be On The Ballot In 2027: Facts Nigerians Need To Know

    0 shares
    Share 0 Tweet 0
  • Many Feared Trapped as Three-Storey Building Collapses in Lagos

    0 shares
    Share 0 Tweet 0

Latest Stories

OPINION: The Sack of Udu Member and the Hypocrisy of Delta State House of Assembly

June 30, 2026

Ethiope State Debate: Dafinone’s Position Anchored On Facts, Not Political Theatre — Response To Anaughe

June 30, 2026

INEC: Over 1.5 Million New Voters Registered as CVR Hits Seventh Week

June 30, 2026

Obi Throws Down Gauntlet: Publish All Candidates’ Certificates, INEC!

June 30, 2026

Ekiti Gov Pushes Bold Reforms to Rescue Local Govt Finances

June 30, 2026

No Retreat! NDC Submits 2027 Candidates Despite Legal Storm — Dickson

June 30, 2026

ASUU Throws Down the Gauntlet: 14 Days to Pay Up or Shut Down!

June 30, 2026

Okpebholo: State Governors Must Lead Fight Against Insecurity, Not Blame Tinubu Alone

June 30, 2026

Why APC May Not Have House of Assembly Candidates in Akwa Ibom State

June 29, 2026

Oborevwori Inspects Key Projects, Urges Isoko People To Deliver APC Candidates In 2027

June 29, 2026
  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms and Conditions

© 2024 Emerald News Nigeria.

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

Add New Playlist

No Result
View All Result
  • Emerald News Nigeria
  • Inside Delta
    • Niger Delta
  • Politics
  • Economy
  • Crime
  • Education
  • Health
  • Entertainment
  • Relationship
  • Special Report

© 2024 Emerald News Nigeria.