Court orders bank to freeze Nigerian oil firm's account

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The Nigerian government is investigating the finances of the firm.

A Lugbe Grade 1 Area Court, Abuja, has ordered Zenith Bank to freeze an account operated by a Nigerian oil and gas firm, Midwestern Oil and Gas.

A Post-no-debit order forbids a customer whose account is restricted from withdrawing whatever money is in the account until resolved. Mr Obono-Obla noted that there is an executive order that mandates the committee to seek an order of interim forfeiture. in any case of alleged corruption, economic or financial crime.“We have been investigating that company for the past two years. And the allegation that was filed against the company by a Senior Advocate of Nigeria is that they have an oil well in Delta State.”

 

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