Zenith Bank has been ordered to pay N2 billion in favour of Tsami Babi Nig. Ltd, Amsamay Ltd, and M A.Y Fine Fragrance as damages for placing a restriction order their accounts.
Itrybe.com gathered that order was mandated at a Lagos High Court sitting, Court 44, Commercial Division, Osborne Foreshore, Phase2 Court House.
The presiding Judge, Justice Rasul Oriyomi Olukolu, declared that the restriction placed on the accounts is illegal and unlawful, prior to a subsisting court order, therefore ordered that the restriction be removed, since the court order dated November 16, 2022, on the said accounts had expired.
Justice Olukolu also awarded exemplary damage of N1 billion against the bank in favour of another customer who suffered the same fate.
