Court Places Temporary Ban on INEC’s Accounts over N17.3bn Judgment Debt

Justice John Tsoho of the Abuja division of the Federal High Court yesterday ordered a temporary blockage of two accounts of Independent National Electoral Commission (INEC) with the Central Bank of Nigeria (CBN) over its alleged failure to settle a judgment debt of N17.258billion.

The affected accounts are: 00201224-42021, 002-01224-41032, held by INEC in the CBN.

The Justice gave the orders while ruling on a motion ex-parte for garnishee orders nisi brought by the plaintiff, Bedding Holdings Limited, who, on January 28, 2014, got a N17.3billion judgment against INEC.

Justice Tsoho also in his ruling, ordered the Federal Ministry of Finance to temporarily withhold money already appropriated for INEC, whether already disbursed or yet to be disbursed.

Similarly, the court granted a garnishee order nisi attaching “all money, including, but not limited to foreign accounts attached to current accounts of the 1st judgment debtor in the possession of the garnishees/ respondents (CBN and Federal Ministry of Finance) bearing the name of the first judgment debtor (INEC.)”

However, the orders, according to the judge, are to subsist until November 8, 2018, when the garnishee are expected to show cause why the orders made nisi should not be made absolute, by which the court will direct the deployment of funds in the judgment debtor’s account to settle the judgment debt.

However, another lawyer to the plaintiff, James Odibah, while moving the ex parte motion for ‘garnishee nisi’ yesterday, urged the court to strike out similar orders made on May 24, 2018.

The request was predicated on the grounds that the earlier orders were made against parties wrongly joined as respondents in the garnishee proceedings.

“In line with the new policy of Treasury Single Account (TSA), those parties were not the proper parties. This motion is supported by a 39-para affidavit sworn to by Dr. Sylvester Osadolor Odigee, the Group Executive Chairman of the applicant.