The Federal High Court in Lagos yesterday rejected the motion on notice seeking to stop Access Bank Plc from taking over a property owned by the Minister of Petroleum Resources, Chief Don Etiebet, known as Etiebet’s Place in Ikeja, Lagos.
In a ruling, Justice A. Liman refused Obodex Nigeria Limited’s plea to stay the execution of a December 17, 2018 judgment of Justice Ibrahim Buba, which empowered Access Bank to take over the property.The firm challenged the court jurisdiction to hear the suit. Pursuant to this, Access Bank took over Etiebet’s Place and appointed a Senior Advocate of Nigeria, Mr. Kunle Ogunba, as receiver/ manager to manage the property towards the recovery of the alleged debt.
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