Nonsochukwu Uwa, Owerri
National Industrial Court of Nigeria, Owerri, on Thursday, sealed off some of the branches of Zenith Bank in Owerri, over an alleged N1.9 billion debt owed the former Imo Deputy Governor, Prince Eze Madumere, by the Imo State Government.
The sealing off of the Zenith Bank branches followed a garnishee order issued by Hon Justice I.S Galadima of the National Industrial Court, Owerri in a SUIT NO: NICN/OW/19M/2021, between Prince Eze Madumere and Governor of Imo state, Attorney General of Imo state, Imo State Government and Zenith Bank PLC.
Part of the order reads: “It is hereby ordered as follows; the Order Nisi made on 15 October 2021 is hereby made an Absolute against the Garnishee (Zenith Bank PLC) this 27/5/2022.
“The Garnishee (Zenith Bank Plc) is ordered to transfer the sum of~1,970,666,584.68k (One Billion, nine Hundred Seventy Million, Six Hundred & Sixty-Six Thousand, Five Hundred and, Sixty-Eight (Kobo) only into the Judgment Creditor’s Counsel account (GTB Bank Plc, Account no. 0223523624, A/C name: M/s Njemanze & Njemanze) forthwith within 24 hours of this order absolute. The Garnishee shall upon compliance with this Order be discharged from these garnishee proceedings.”
