A Mareva Injunction has been obtained by Justice Ibrahim Kala of the Federal High Court in Lagos to temporarily freeze N5,858,692,168.58 that was discovered in the bank accounts of Stallionaire Nigeria Limited, Deji Somoye.
The interim order was issued by Justice Kala during her decision-making in the FHC/L/CS/509/2024 lawsuit involving Supreme Shipping and Marine Services Limited, Somoye, and Union Bank of Nigeria Plc.
Commercial banks and FinTechs are the other parties named as respondents.
With the help of attorneys Tayo Adamolekun, G. Akinde-Peters, and Boluwatife Oloyede, the applicant had submitted a motion ex-parte application, supported by an affidavit that Segun Omoshola had sworn to, requesting many prayers.
Their motion sought the following reliefs: an order to discharge orders (1), (2), (3), and (4), primarily attaching the defendants’ vessels, and to strike out the names of the fourth through eighth respondents. This was a variation of the interim order for Mareva Injunction made by the court on March 25, 2024.
In order to ensure that the court does not issue an order in vain, the attorney presented the application to the court.
Following the lawyers’ presentation, the court decided to grant an interim Mareva injunction, freezing the defendants’ accounts and those associated with the second defendant’s BVN, which is domiciled with the fourth through the thirty-first respondents, of all funds to their credit up to N5,858,692,168.58, or its equivalent value in any foreign currency, until the motion is heard and decided on May 20, 2024.