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A federal high court sitting in Lagos, Nigeria will decide whether to commence the hearing of committal to prison proceeding filed against three principal officers of Skye Bank Plc, the Chairman, Olatunde Ayeni (CON), the Group Managing Director/Chief Executive Officer Mr Timothy Oguntayo, and the company Secretary Mrs Abimbola Izu.


The trio has been accused of disobeying the order of the court over freezing Zamfara State government accounts domiciled with them.
The hearing should have commenced since last year but the bank filed an application staying proceeding in the matter pending the outcome of an appeal filed at the court of appeal.
The lower court adjourned till tomorrow awaiting the decision of the appellate court.
On 30 September 2015, the court entered judgment in favour of. Ecobank Nigeria Limited in the sum of N3.1 billion against the Zamfara State government.
The case was filed by a legal practitioner, Mr Oluwafunmilola Salami from the law firm of Kunle Ogunba.
Meanwhile on the 20th of October, 2015; the court granted garnishee order nisi attaching the funds of the Debtors found domiciled with various banks.
Consequently, the court asked the debtors to show cause why the order should not be made absolute and while on the 16th of November, 2015 the order was affirmed, the orders were duly served on Skye bank Plc.
Despite being served with the orders of the court and the various letters from the Ecobank solicitors, Skye bank refused to comply with the orders of the court mandating it to attach the accounts of Zamfara state government.

A Federal High Court 5 sitting in Ikoyi, Lagos, headed by Justice I. N. Buba has issued a writ of summons to the Chairman of Citi Bank, Chief C. S. Sankey; its former Managing Director, EmekaEmuwa now Managing Director of Union Bank Plc and its Legal Adviser/Company Secretary, Mrs OlusolaFagbure to appear before it on Monday, January 25, this year in the N10.7 billion criminal charge preferred against them and 14 others by the Federal Government.

The Civil Liberties Organization (CLO) has shown support to the decision of the Central Bank of Nigeria (CBN) in banning sales of foreign exchange (forex) to Bureau de Change (BDCs) operators as measures aimed at easing pressures on the country’s depleting foreign reserves.