Business Hilights

Tracking Nigeria's Headline Business News Online

Zenith Bank logo

Zenith Bank urged to reopen in Imo as case goes to Appeal Court

Ad 2
Ad 3

The Imo State Government has informed the public that the court case which necessitated the sealing of branches of Zenith Bank in the State is now before the Court of Appeal.

The government has therefore urged the bank to open its doors to its customers immediately as it would amount to contempt of court for any of the parties to the suit to resort to self help.

The State Commissioner for Information and Strategy, Declan Emelumba said that the Appeal Court will commence hearing on the matter on Tuesday next week based on an appeal lodged by the Imo State government against the judgment of a lower court.

He said although the judgment was obtained by the former Deputy Governor, Eze Madumere, upon which a garnishee order was used to seal Zenith Bank, the subsequent appeal has vitiated it.

Emelumba advised all parties in the case to adhere to due judicial process and refrain from self help.

Business Hilights is an online news channel conceptualized and structured to report and track on a daily basis; latest developments in critical business sectors to serve as a one stop news gateway for governments, foreign and indigenous investors.