Alleged N1.4bn Fraud: Court Freezes Accounts Of Seven Businessmen in Access Bank, UBA Bank, Fidelity Bank, Four Firms For Defrauding Fouani Ltd

Abiola Olawale
Writer

Ad

Nsukka Catholic Diocese Grieves Loss of Bishop Emeritus Francis Okobo at 89

By Abiola Olawale The Catholic community in Nsukka, Enugu State has been engulfed by tears following the passing of Most Rev. Dr. Francis Emmanuel Ogbonna Okobo, Bishop Emeritus of the Nsukka Catholic Diocese. It was gathered that Okobo passed away on Friday, August 29, 2025, at the age of 89. The revered cleric, who served…

Anticipation as Tottenham Accelerates Transfer Chase for Atalanta’s Ademola Lookman

By Abiola Olawale English football club, Tottenham Hotspur is reportedly intensifying negotiations to sign Atalanta’s star forward Ademola Lookman as the summer transfer window approaches its September 1 deadline. It was gathered that Lookman, a 27-year-old Nigerian international, has reportedly caught the eye of Tottenham. Lookman is also reportedly eager to return to the Premier…

Oil Prices Aren’t Likely To Rise Anytime Soon

Analysts surveyed by Reuters expect Brent Crude to average $67.65 per barrel and WTI Crude to average $64.65 per barrel this year, with slight adjustments from previous forecasts. Factors contributing to the subdued oil price outlook include rising supply from OPEC+ and non-OPEC+ producers, slowing demand growth post-summer, and uncertainties from U.S. trade policies. Major…

Ad

By Abiola Olawale

A Federal High Court sitting in Lagos State has granted an order placing a restriction on some bank accounts linked to seven business owners and as well as four firms over an alleged connection with a fraudulent transfer of N1.4 billion from a Lebanese firm, Fouani Ltd.

The presiding judge, Justice Akintayo Aluko, in his ruling, placed a “Post No Debit” (PND) on the accounts pending the determination of the ongoing legal action.

The judgment was sequel to an ex-parte motion moved and argued by the legal counsel to the Department of State Security (DSS), Michael Bajela.

Bajela, in his argument, had prayed to the court to order a restriction on the said accounts pending the outcome of the case.

Ruling on the matter, Justice Aluko granted the ex-parte motion.

The New Diplomat reports that “Post No Debit” is a restriction imposed on banks by the court on specific accounts, preventing customers from making withdrawals, transfers, or any other debits from their accounts.

The complainant in the suit is Fouani Nigeria Limited while the respondents affected by the order and their bank details are: Haruna Adam Abubakar – 1709985717 – Access Bank, Anthony Godwill Ifeanyi – 1236732473 – Access Bank, Tochukwu Modestus Obodoefuna -1565420706 – Access Bank, M. Munzali Dara Worldwide Business 5601060742 – Fidelily Bank, Anthony Ifeanyi Electronic Trading 5420158002 – Keystone Bank, Kholobekian Joseph Mesrob 1016886802 – UBA, Izuchukwu Stanley Alaman Jo 2137303667 – UBA, A.S. Rano Lubricant Toll Inv. Ltd 1305567771 – Providus Bank, Obioma Emeka Daniel 1005922923 – FCMB, Esto World Mega Venture Resources 2004467010 -Globus Bank and Mubarak Buhari 8066868814 – Opay.

It would be recalled that the petition was dated the 1st day of August 2024, and signed by the Chief Audit Executive Richard Bello and the Chief Information Security Officer Olusola Odediran

In the lawsuit, Fouani claimed that the sum of N1,426,100,430.00 was allegedly transferred by the respondents from account number 0690342734 Access Bank, 0004018789 GTBank, and others.

“The petitioners therefore plead with the Applicant to investigate the matter and also stop the respondents from removing the money from their various Bank accounts mentioned in the face of our motion paper,” Babalola averred.

Ad

X whatsapp