Kemisola Oye
A Lagos High Court sitting at Court 44, Commercial Division, Osborne Foreshore, Phase 2, Court House, has ordered Zenith Bank to pay N2 billion in favour of Tsami Babi Nig. Ltd, Amsamay Ltd and M A.Y Fine Fragrance as damages for placing a restriction order on their accounts.
Justice Rasul Oriyomi Olukolu held that the restriction placed on the accounts is illegal and unlawful, prior to a subsisting court order.
The court ordered that the restriction be removed since the court order dated 16 November 2022 on the said accounts had expired.
Justice Olukolu also awarded exemplary damage of N1 billion against Zenith Bank in favour of another customer who suffered the same fate.
Eighteen-Eleven Media