The Lagos High Court docket Sitting in Osborne, Ikoyi has ordered all banks to expose all investments – mounted deposits, treasury funds, and all sums of money, at the side of cryptocurrency – traceable to Imagine World Holding Company Exiguous, Imagine World Alternatives Exiguous, and the Nigerian couple, Bamise and Elizabeth Ajetunmobi.
The two companies and the Ajetunmobi couple beget been associated with an alleged N18.8 billion investment fraud by a total of 27 aggrieved Nigerian traders/claimants who are sooner than the court docket.
Justice Toyin Oyekan-Abdullahi additionally ordered the banks to label all statements of fable of all four defendants so all events can label how the money moved.
The paperwork are to be produced on or sooner than the subsequent court docket sitting which has been mounted for February 27.
The court docket granted the orders after counsel to the first to 17th claimants, Adetunji Adedoyin-Adeniyi, educated Justice Oyekanmi-Abdullahi that his purchasers had chanced on other events who beget been submitting identical fits sooner than the Federal High Court docket.
He expressed the apprehension that whoever will get judgment first might perhaps well engage the money, a reveal of affairs that might perhaps well streak away his purchasers who filed their swimsuit first, stranded.
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Justice Oyekan-Abdullahi assured all events that this wouldn’t happen.
On the final sitting of the court docket, the topic changed into first and vital adjourned for ruling on a preliminary objection by the Central Bank of Nigeria and the defendants who claimed that the topic might perhaps well beget to aloof be heard by the Federal High Court docket because it concerned a monetary institution.
The court docket then requested the defendants to label a licence from the CBN showing that they beget been a monetary institution.
The claimants beget, on the other hand, submitted that each one the defendants got right here up with changed into some lenders licence from some states.
They requested the court docket to discountenance the licences, insisting that they showed the defendants weren’t regulated by the apex bank.
All over the court docket cases, the court docket additionally requested Wema Bank to expose the final steadiness sums in all accounts linked to the defendants.
Nevertheless the bank educated the court docket it changed into additionally a sufferer having borrowed the defendant’s company N200 million.
Counsel to the defendants, Oriyemi Ariyo, declined to converse on the court docket cases and the ruling however counsel to the claimants applauded the ruling.
