Advertisement Advertisement Advertisement
ADVERTISEMENT
  • Business
  • Crime
  • Education
  • Entertainment
  • Lifestyle
  • News
  • Opinion
  • Politics
  • Religion
  • Security
  • Sports
  • World
Saturday, October 3, 2026
  • Login
No Result
View All Result
NEWSLETTER
The News Star
  • Business
  • Crime
  • Education
  • Entertainment
  • Lifestyle
  • News
  • Opinion
  • Politics
  • Religion
  • Security
  • Sports
  • World
  • Business
  • Crime
  • Education
  • Entertainment
  • Lifestyle
  • News
  • Opinion
  • Politics
  • Religion
  • Security
  • Sports
  • World
No Result
View All Result
The News Star
No Result
View All Result
Advertisement Advertisement Advertisement
ADVERTISEMENT
Home Uncategorized

Contempt: Court Vacates Order Sentencing MD, Company Secretary of Fidelity Bank To Six Weeks In Prison

by Thenews
February 19, 2023
in Uncategorized
0
Share on FacebookShare on WhatsAppShare on TwitterShare on Telegram
Advertisement Advertisement Advertisement
ADVERTISEMENT

 IMG_ORG_1676790979170


RelatedPosts

Hello world!

7 YEARS ANNIVERSARY: SANWO-OLU GREETS LAGOSIANS, DESCRIBES JOURNEY AS SHARED PROGRESS

Wema Bank To Host 2026 International Women’s Day Event on March 4th


A Chief Magistrate Court sitting in Ikeja , Lagos has vacated its ruling that convicted and sentenced the Managing Director and Company Secretary of Fidelity Bank Plc to six weeks in prison or a fine of Four Hundred Thousand Naira respectively for contempt.

The Chief Magistrate, Mr. Lateef Owolabi vacated the order in a Suit No: MIK/4726/22 between Justin Ahmed, (judgement creditor),  Prince Enabulele Osazee, (judgement debtor) and Fidelity Bank Plc, (1st Garnishee/Applicant).

The court in an earlier ruling delivered on February 6, 2023,  held that the Managing Director of Fidelity Bank, Nneka Chinwe Onyeali-Ikpe and the Company Secretary, Mrs. Unuigboje Ezinwa should be committed to six weeks’ imprisonment over alleged disobedience of a garnishee order of the court restraining the bank from allowing a judgement debtor access to his account.

However, at the resumed proceedings on the matter on Feb 15, 2023, the court vacated the committal order on the premise of facts presented before the court that the alleged acts of contempt were not deliberate but arose out of communication gap between the said parties and the erstwhile counsel. The court in its ruling also stated that the error or sin of the counsel should not be visited on a party or litigants. The court also noted that the monies which was the subject matter and fulcrum of the contempt proceedings has since been paid to the judgment creditor.

“From the materials presented before this court by the applicant, this application falls within the classic rule where the error or sin of the counsel should not be visited on a party or litigants. Moreover, the applicant has averred that the monies subject matter, the fulcrum of the contempt proceedings had since been paid to the judgment creditor. Having fully discharged this payment to the satisfaction of the judgment creditor, this court should not be seen to cry more than the bereaved”, Mr Lateef Owolabi held.

The solicitor to the bank explained that Fidelity Bank, being a law abiding institution that will never or under any circumstance, directly or indirectly denigrate the integrity of the nation’s judiciary, had upon receipt of the garnishee order nisi on December 22, 2022, conducted a search immediately, and the result showed several accounts bearing similar names to the Judgment Debtor’s (Prince Enabulele Osazee). To prevent the bank from erroneously restricting the wrong account, the bank filed an affidavit requesting additional account details to enable it ascertain the correct account(s) to restrict.

He further stated that, on January 16, 2023, the bank received the Judgment Creditor’s affidavit showing the account number of the Judgment Debtor. Armed with the correct account number, the bank immediately identified and placed a lien on the Judgment Debtor’s account. Unfortunately, during the intervening period, the judgement debtor had carried on depositing and withdrawing from his account.

In vacating the order on February 15,2023, the Chief Magistrate held that based on the materials before the court, the applicant has been able to tether the law to the facts to warrant the grant of the relief sought on their own strength and not based on lack of opposition.

Advertisement Advertisement Advertisement
ADVERTISEMENT
Advertisement Advertisement Advertisement
ADVERTISEMENT
ShareSendShareTweetShare
Previous Post

My husband is not over-ambitious, says Oluremi Tinubu

Next Post

Transcorp Hotels Plc Appoints New Non-Executive Director

Thenews

Thenews

Related Posts

Hello world!

by Thenews
October 2, 2026
1

Welcome to WordPress. This is your first post. Edit or delete it, then start writing!

7 YEARS ANNIVERSARY: SANWO-OLU GREETS LAGOSIANS, DESCRIBES JOURNEY AS SHARED PROGRESS

by Thenews
May 29, 2026
0

        The Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu has saluted Lagos residents for their support and...

Wema Bank To Host 2026 International Women’s Day Event on March 4th

by Thenews
February 19, 2026
0

  As International Women’s Day draws near, Wema Bank, Nigeria’s oldest indigenous bank, most innovative and pioneer of Africa’s first...

Olubadan-designate, Ladoja, lauds Globacom

by Thenews
September 25, 2025
0

      Oba Rashidi Adewolu Ladoja, who is billed to be enthroned as the new Olubadan on Friday, September...

CNPP and CNCSOs Urge President Tinubu to Order Judicial Probe into NNPCL Following Explosive Revelations by GCEO, Hail Bayo Ojulari

by Thenews
August 31, 2025
0

  In a powerful joint statement released on August 31, 2025, the Conference of Nigeria Political Parties (CNPP) and the...

US Entry Ban a Barrier, Even Though West Africa Wants Deal With Trump Government – Nigeria’s Foreign Affairs Minister, Yusuf Tuggar

by Thenews
June 19, 2025
0

          Nigeria's Foreign Affairs Minister, Yusuf Maitama Tuggar, has contended that the recent decision by the...

Next Post

Transcorp Hotels Plc Appoints New Non-Executive Director

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Wale Adenuga Reacts To Papa Ajasco’s Claims, Clears The Air

7 months ago

Fans To Win Decoders at GOtv Boxing Night 29

3 years ago

Popular News

    Connect with us

    The News Star

    © 2026 The News Star. All rights reserved. Designed by IgniteWeb.

    • About
    • Advertise
    • Careers
    • Contact

    Follow Us

    No Result
    View All Result
    • Business
    • Crime
    • Education
    • Entertainment
    • Lifestyle
    • News
    • Opinion
    • Politics
    • Religion
    • Security
    • Sports
    • World

    © 2026 The News Star. All rights reserved. Designed by IgniteWeb.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In