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Judicial officers seize bank's property

Posted by The Port Harcourt Telegraph on 2005/07/07 | Views: 302 |

Judicial officers seize bank's property


Judicial officers from the Rivers State Judiciary stormed the premises of the Platinum Bank Limited, GRA branch in Port Harcourt on June 24, 2005 not on friendly basis but to execute a court judgment.

Judicial officers from the Rivers State Judiciary stormed the premises of the Platinum Bank Limited, GRA branch in Port Harcourt on June 24, 2005 not on friendly basis but to execute a court judgment.

The judicial officers armed with the judgment delivered by Justice Sotonye Denton-West on June 16, 2005 against the bank seized (fifa) its property, which include cars, television sets, counting machines, telephone sets, photocopying machine, printer, tables and drawers, among others.

In her judgment, Justice Denton-West ordered the bank as being the second defendant and U.C. Marines (Nig) Limited (first defendant) to pay the sum of N11, 447, 500 to M.F.W Dredging and Marine Limited being balance of contract sum incurred by the plaintiff in hiring excavators and demurrage on the plants used for the contract.

Justice Denton-West also ordered the defendants to pay N50 million as general, exemplary and aggravated damages suffered by M.F.W. Dredging Marine Limited (plaintiff) as a result of non-payment of the contract sum by the defendants.
She granted the relief of the plaintiff who sought for a declaration that M.F.W Dredging & Marine (Nig) Limited pumped and stockpiled over 150, 000m of sharp sand at the Federal Ocean Terminal, Onne for the defendants, for which they are entitled to the balance of the payment.

The judge further granted the payment of 35 percent interest on the sum of N29, 197, 5000.00 from, April 15, 2003, during which the contract was completed and defendants were notified until judgment was delivered.
Justice Denton-West equally awarded the sum of N10, 000 against the defendants.

Earlier, the plaintiff had in a letter dated February 10, 2003 offered to dredge for the first defendant 150, 000m3 of river sharp sand at the Federal Ocean Terminal, Onne, adding that the first defendant accepted the terms of the contract.

The plaintiff said on March, 2003 it was forced to stop work on the site as a result of invasion by community members who hijacked their tugboat.

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Comments (3)

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Okfold(Sobe, Edo, Nigeria)says...

I want the meaning of female owan name Ekeke (Edo state)

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Toluwalase Samuel Olufemi(Ijebu, Ogun, Nigeria)says...

Authority belongs to God, once He decrees it is final and binding

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Ikponmwosa Osamede(Edo, Nigeria)says...

Your meaning of Osamede is wrong. Osamede means God has given me a crown