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From Okwe Obi, Abuja
An Industrial Court in Abuja, has issued a garnishee order on Heritage Bank PLC, for failing to remit over N710 million to Shehu Mudi and 656 other entities.
The order was in compliance with the judgment in a garnishee order issued against Heritage Bank in lawsuit number MCN/MKD/07m/202, filed by Mudi.
According to the Court in Makurdi, Benue State capital, the garnishee order, instructed the immediate closure of Heritage Bank Limited, after it failed to remit an amount exceeding N710 million to Shehu Mudi and 656 other entities.
The Court maintained its stance that the bank’s branches must remain shut until it fully adheres to the directives outlined in the garnishee order.
Now Justice I .J. Essien, ordered the Inspector General of Police Olukayode Egbetokun, to provide security for the Court’s Sheriffs to execute the directive to shut operations of Heritage Bank with immediate effect.
“Despite the Garnishee’s undertaking to pay the Judgement sum to anywhere located in Nigeria until the Garnishee (Heritage Bank PLC), comply with the Order of the Court of Appeal directing it to pay to the judgment creditor the sum of N710,969,140.19 which is made up of the judgment sum and interest accrued from 14/12/2021 to December 2022 which sum has been set aside by the garnishee and party represented by the bond entered into at the Court of Appeal by the garnishee.
“In its usual way of disregard for the rule of Law, the Heritage Bank PLC under Akinola George Taylor broke the Court seal to gain access and continued its operations disregarding the Court and proceeded to send out a rejoinder debunking the story clearly to mislead its clients,” the verdict read.
