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Court freezes Oyo government’s accounts in 10 banks: see why it happened

Dec 19, 2023

A High Court in the Federal Capital Territory (FCT), Abuja, has issued an order freezing 10 bank accounts belonging to Oyo state government. 

Justice A. O. Ebong gave the order in a ruling on a proceeding initiated by ex-council chiefs in Oyo state, sacked on May 29, 2019 by Governor Seyi Makinde, and who in 2021 got a N4,874,889,425.60 judgment against Makinde and other officials/agencies of the state.

The banks in which the Oyo State Government’s accounts are frozen are Zenith Bank, United Bank of Africa (UBA), Wema Bank, First Bank of Nigeria, Ecobank, Guaranty Trust Bank, Access Bank, Polaris Bank, Jaiz Bank and Union Bank.

The judge who also awarded N300,000.00 as cost against the judgment debtors; ordered that a copy of the order be served on Makinde and others and adjourned till January 5 next year for hearing.

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