*As Nestoil, Neconde seek $1.8bin damages against First Bank, Access, Zenith over crude oil loss of 20,000 barrels per day
Alex Enumah in Abuja
A firm, Drawcok Estate Ltd., has instituted a whopping N100 billion law suit against FBNQuest Merchant Bank Ltd, First Trustees Ltd, Mr Abubakar Sulu-Gambari, SAN and the Deputy Sheriff, Federal High Court of Nigeria, Lagos division, over the alleged unlawful and forceful seizure of its property.
The firm in the suit marked: FHC/L/CS/22/26, claimed that the action of the defendants injured its business reputation, and caused it untold hardship, embarrassment, public odium, economic hardship and occasioned a breach of its right to fair hearing and the right to own moveable and immoveable properties.
According to the plaintiff, the defendants knowingly levy execution of a court order on its property No. 41, No. 42 Akin Adesola Street and 60 Saka Tinubu Street, Victoria Island, Lagos, when the Plaintiff was neither a party to the court proceedings, the Order granted, nor are the property part of the assets contained in the Common Terms Agreement, CTA, under which the Order of the Court was sought and obtained.
