• Latest
  • Trending
  • All

Adebise, Wema Bank MD, Others Risk Jail Term over Contempt of Court

February 14, 2020
No Armed Gunmen Invasion or Death in Ajebo, Only Land Dispute – Police

No Armed Gunmen Invasion or Death in Ajebo, Only Land Dispute – Police

December 12, 2025
Wema Bank Unveils ₦120M Grand Prize Pool as 35 Teams Advance to Hackaholics 6.0 Finale

Wema Bank Unveils ₦120M Grand Prize Pool as 35 Teams Advance to Hackaholics 6.0 Finale

December 12, 2025
Fidelity Bank Powers MSME Growth With Disbursements of FG Intervention Funds 

Fidelity Bank to Host Virtual Masterclass on New Tax Law

December 12, 2025
Lagos Police Refute Viral Claim, Arrest 13 Over Assault on Taskforce Inspector

Lagos Police Refute Viral Claim, Arrest 13 Over Assault on Taskforce Inspector

December 12, 2025
Deputy Comptroller Olukayode Oladapo Afeni

Afeni Outlines Strategic Priorities as New Ogun I Area Controller of Customs

December 12, 2025
Drama in Senate as Oshiomhole, Ndume Clash During Reno Omokri’s Ambassadorial Appointment Screening

Drama in Senate as Oshiomhole, Ndume Clash During Reno Omokri’s Ambassadorial Appointment Screening

December 12, 2025
Fusengbuwa Ruling House Disowns KWAM1 Over Awujale Stool

Fusengbuwa Ruling House Disowns KWAM1 Over Awujale Stool

December 12, 2025
Emirates Invites Travellers to Dubai for Two Exclusive Winter Experiences

Emirates Invites Travellers to Dubai for 2 Exclusive Winter Experiences

December 11, 2025
GTCO Unveils Maiden Holiday Edition of Food and Drink Festival to Boost Family Fun and Enterprise

GTCO Unveils Maiden Holiday Edition of Food and Drink Festival to Boost Family Fun and Enterprise

December 11, 2025
CGC Adeniyi Gets NEAPS Award for Outstanding Revenue Collection

CGC Adeniyi Gets NEAPS Award for Outstanding Revenue Collection

December 11, 2025
Schocking! El-Zakzaky Names Popular Country Funding Boko Haram, ISIS, ISWAP

Schocking! El-Zakzaky Names Popular Country Funding Boko Haram, ISIS, ISWAP

December 11, 2025
Wema Bank Davido 5ive Tour To Hold In Abuja on Sunday

Wema Bank Davido 5ive Tour To Hold In Abuja on Sunday

December 10, 2025
Wike Announces New FG Plans for Judges

Wike Announces New FG Plans for Judges

December 10, 2025
Senate May Stop 2026 WAEC Registration Over New Curriculum

Senate May Stop 2026 WAEC Registration Over New Curriculum

December 10, 2025
BMW Appoints New CEO as German Auto Faces Deepening Crisis

BMW Appoints New CEO as German Auto Faces Deepening Crisis

December 10, 2025
TikTok Night Ban Hits Nigeria As Peller Drops Bombshell on His ₦40m Deals

TikTok Night Ban Hits Nigeria As Peller Drops Bombshell on His ₦40m Deals

December 9, 2025
Wednesday, December 17, 2025
  • Login
  • News
  • Business
  • Politics
  • Crime
  • Entertainment
  • Featured
  • Icons
  • Opinion
  • World
  • Tech
No Result
View All Result
No Result
View All Result
  • News
  • Business
  • Politics
  • Crime
  • Entertainment
  • Featured
  • Icons
  • Opinion
  • World
  • Tech
Home Business

Adebise, Wema Bank MD, Others Risk Jail Term over Contempt of Court

by TheConscience NG
February 14, 2020
in Business, Featured, News
0
Share on FacebookShare on Twitter
Share on Facebook Share
Share
Share on Twitter Share
Share
Share on Linkedin Share
Share
Screenshot 20200214 233224

The presiding Judge of a Federal High Court Chukwujekwu Aneke sitting in Lagos South West Nigeria has ordered that Wema Bank Plc and its six officials cited for contempt for disobeying the order of the court should appear before the court on Monday 17th day of February, 2020 to explain why they should not be sent to prison for flagrant disobedience of the extant positive orders of the court.

The affected officials of the bank are The Managing Director Ademola Adebise,The Chairman Babatunde Kasali, Deputy Managing Director Moruf Oseni, Executive Director Wole Akinleye Executive Director Folake Sanu and the Company Secretary Johnson Lebile.

The order of the court was sequel to two different similar garnishee suits filed before the court by a Lagos lawyer Chief Ajibola Aribisala SAN on behalf of Heritage Bank, the first one against Ondo State Government and the Attorney General of the state, and the second one against Idanre Local Government Universal Basic Education Authority, Ondo State Government and Attorney General of Ondo state

Heritage bank having obtained judgement against the two parties at an Ondo State high court in the sum of N1billion out of which N600million has been paid leaving balance of about N600million,while the judgement against Idanre Local Government Universal basic Education Authority is in the sum of N405,431,460 .98

READ MORE:  EndSARS: Reactions As Sanwo-Olu Unveils Walk For Peace With Arsenal Jersey

Heritage bank then initiated garnishee proceeding against the parties in the two suits. On 6th of December 2019, the court made the order nisi against Wema Bank Plc absolute attaching the principal judgement sum Of 134,034,175.41, Wema bank Plc, thereafter deposed to affidavit that Ondo state Government has N744,771,993.3 standing to its credit and same has been attached in compliance with the order of the court, but the bank refused to comply with the order of the court to pay the money despite the demand made by Chief Aribisala SAN on behalf of Heritage bank. However, Wema bank in its response letter claimed not to comply with the order of the court based on the notice of Appeal and Motion for stay of execution filed by the Ondo State Government at the court of appeal. Thereafter Heritage bank caused the Registrar of the court to issue form 48, Notice of consequence of disobedience of order of the court against the officers of the bank cited for contempt, still, the order of the court was not obeyed, hence the need for the issuance of form 49 asking the parties cited for contempt to show cause why order of committal should not be made against them for flagrantly disobeying the orders of the court. On the 5th day of February 2020 when the matter came up for hearing, Chief Ajibola Aribisala SAN, in his argument and submission before the court contended that it is obvious that parties cited for contempt are not in court and that the court must compel their presence in court, he then urged the court to issue bench warrant against official of Wema bank Plc cited for contempt to compel them to appear in court. However, the counsel for the official of Wema bank cited for contempt, Mr Wemimo Ogunde SAN contended that Form 49 was filed and served on the parties and before then Wema bank has already filed an application for stay of execution pending appeal and that the record of appeal has already been entered at the court of appeal. Consequently, after listening to the two parties the court adjourned till 14th February 2020, for a ruling. Justice Aneke in his ruling relating to the two suits said “The said appeal lodge by the parties cited for contempt has nothing to do with the form 49 served on them for their failure to comply with the order of the court in respect to the order made absolute against Wema Bank Plc . Accordingly, the parties cited for contempt are hereby given 72hours from today till Monday 17th of February, 2020 to appear before the court to explain why committal order would not be made against them for flagrant disobedience of the extant positive orders of the court

READ MORE:  Wema Bank Affirms Adherence to Ethical Compliances, Faults Call for CEO Removal

Share this:

  • Click to share on X (Opens in new window) X
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on WhatsApp (Opens in new window) WhatsApp

Like this:

Like Loading...

Related

Tags: AdebiseWema Bank
ShareTweet
Previous Post

Turkish Airlines Excites Travellers with New Campaign

Next Post

Governor Matawalle Pledges Support For Smooth Takeoff of Zamfara State University

TheConscience NG

TheConscience NG

Related Posts

Wema Bank Unveils ₦120M Grand Prize Pool as 35 Teams Advance to Hackaholics 6.0 Finale
Business

Wema Bank Unveils ₦120M Grand Prize Pool as 35 Teams Advance to Hackaholics 6.0 Finale

by TheConscience NG
December 12, 2025
Fidelity Bank Powers MSME Growth With Disbursements of FG Intervention Funds 
Business

Fidelity Bank to Host Virtual Masterclass on New Tax Law

by TheConscience NG
December 12, 2025
Deputy Comptroller Olukayode Oladapo Afeni
News

Afeni Outlines Strategic Priorities as New Ogun I Area Controller of Customs

by TheConscience NG
December 12, 2025
Drama in Senate as Oshiomhole, Ndume Clash During Reno Omokri’s Ambassadorial Appointment Screening
News

Drama in Senate as Oshiomhole, Ndume Clash During Reno Omokri’s Ambassadorial Appointment Screening

by TheConscience NG
December 12, 2025
Fusengbuwa Ruling House Disowns KWAM1 Over Awujale Stool
News

Fusengbuwa Ruling House Disowns KWAM1 Over Awujale Stool

by TheConscience NG
December 12, 2025
Emirates Invites Travellers to Dubai for Two Exclusive Winter Experiences
News

Emirates Invites Travellers to Dubai for 2 Exclusive Winter Experiences

by TheConscience NG
December 11, 2025
Next Post

Governor Matawalle Pledges Support For Smooth Takeoff of Zamfara State University

No Result
View All Result

Recent Posts

  • No Armed Gunmen Invasion or Death in Ajebo, Only Land Dispute – Police
  • Wema Bank Unveils ₦120M Grand Prize Pool as 35 Teams Advance to Hackaholics 6.0 Finale
  • Fidelity Bank to Host Virtual Masterclass on New Tax Law
  • Lagos Police Refute Viral Claim, Arrest 13 Over Assault on Taskforce Inspector
  • Afeni Outlines Strategic Priorities as New Ogun I Area Controller of Customs

Get the latest news on the go!

Enter your email address

© 2025 TheConscience NG

TheConscience NG

  • About
  • Contact Us
  • Privacy-Policy
  • Terms and Conditions
  • TheConscienceNg.com | Breaking & Verified Nigerian News on the go!

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
X
Subject:
Message:
Ajax loader
No Result
View All Result
  • News
  • Business
  • Politics
  • Crime
  • Entertainment
  • Featured
  • Icons
  • Opinion
  • World
  • Tech

© 2025 TheConscience NG

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Share with friends
Share on Facebook Share
Share
Share on Twitter Share
Share
Share on Linkedin Share
Share
%d