The Federal High Court in Lagos has granted Union Bank Plc an interim injunction preventing Swift Networks Limited and its agents from accessing funds and assets in all banks. This order will remain in effect pending the resolution of a Motion on Notice concerning an alleged debt recovery.
The injunction was issued by the court on June 19, 2024, following an application submitted on June 11, 2024. Counsel for Union Bank, Gbenga Akinde, presented the motion ex-parte.
The case, marked FHC/L/CS/1010/2024, lists Swift Networks and its Managing Director, Charles Anudu, as the defendants. Justice Bogoro, presiding over the matter, ordered the defendants, including their directors, staff, management, and agents, to refrain from tampering with, operating, withdrawing from, or dealing with their funds in any financial institution in Nigeria until the Motion on Notice is heard and determined.
Additionally, the court directed all banks and financial institutions holding the defendants’ accounts to provide a sworn statement detailing the credit balance in these accounts to Union Bank or its solicitors within seven days of receiving the order.
