The headquarters of Firstbank located at the Central Business District, Abuja, on Thursday, has been sealed up by the FCT High Court Enforcement Unit over failure to comply with a garnishee order.
A garnishee order is one of the options open to a judgment creditor to enforce a judgment that has been made in his favour.
It is a common method of enforcing monetary judgments against a debtor to recover outstanding money.
The News Agency of Nigeria (NAN) reports that officials from the FCT High Court Enforcement Unit stormed the bank (Coomasie) with towing vans and cranes, towing some of its valuables.
Items carted away included standby generators, Hilux vans, and air conditioners, among other valuable items.
An official of the court, who spoke to NAN on grounds of anonymity, said, “It is a long story, but it is all about a garnishee order against the bank which it didn’t comply with.
Efforts to get the head of the unit and the bank’s officials to speak on the development proved abortive.
In response to the development, some bank employees described it as embarrassing and suggested an alternative course of action.
Efforts to get the bank’s headquarters in Lagos to respond to the development were made, but to no avail, as calls and text messages sent to the cell phone of an official in the bank’s Communications Unit went unanswered.
Most of the bank`s customers were seen in groups hanging outside the bank’s premises.
