Med-View begins as bank invades property over N4bn debt

Med-View Airline’s management has objected to the invasion of its property by some First Bank Plc officials over the alleged N4 billion debt to the financial institution.

The airline also accused the bank of abuse of judicial process, saying the invasion of its properties in the Ikeja and Lekki areas of Lagos on Monday contravened the court ruling.

The airline, through its lawyer, Mr. Lawal Pedro (SAN), said on Monday that his client’s properties were invaded by a team of policemen under the pretext of executing a court order from the bank.

The council condemned the invasion and insisted that the bank violated legal procedures.

According to him, he had read a copy of the ex-parte order made by Hon Justice Lawal Akapo in Judgment No. ID/6251/GCMW/22 delivered on November 22, emphasizing that this did not include taking possession of or sealing off the properties. from the airline

Rather, it said that Judge Akapo ordered the preservation of the airline’s assets from sale or other disposal pending compliance with First Bank’s pre-action protocol proceeding and has yet to file an action with respect to the alleged debt.

According to Lawal, the second and third ex parte orders guaranteed by the bank were granted by the Honorable Judge Oluyemi in Judgments No. ID/6241/GCMW/22 and ID/6243/GCMW/22, both delivered on November 22, for take over the residence. home of the airline’s managing director located at Olabanji Olajide Street at Admiralty way Lekki Phase 1, pending compliance with pre-action protocol procedures by the bank.

Disappointment by action: He expressed disappointment at the invasion and closure Monday of his client’s properties in the Ikeja and Lekki area of ​​the state.

  • “We have held meetings with bank officials and exchanged correspondence regarding the amicable resolution of any outstanding debt and for the parties to resume normal banking relations.
  • “So, we were shocked this morning (Monday) when the policemen invaded our clients’ properties in Ikeja and Lekki, chased everyone away and sealed the properties as if the final judgment had been given in favor of the bank on the alleged debt.
  • “We believe that this is illegal and an institution like First Bank, with the full strength of the legal department and which we hold in high esteem, should not be involved in this type of action. We are taking appropriate steps to seek justice and redress for our clients through due process of law.” he said.

… Med-View begins when bank invades property for N4bn’s debt Read more in … Naijaonpoint.

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