A Lugbe Grade 1 Area Court, Abuja, has ordered Zenith Bank to freeze an account operated by Nigeria’s oil and gas firm, Midwestern Oil and Gas.
Dated July 22, the court order also directed the bank to place a “Post No Debit” order on the company’s account pending completion of investigation into the company’s financial records. Mr Obono-Obla noted that there is an executive order that mandates the commitee 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.”
“That’s what we are trying to investigate to see if that allegation is true; and if that allegation is true, then we have to recover all they have made from dredging oil from that oil well.”
A lot of Yahoo Yahoo companies in Nigeria with shady activities
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