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Court Orders Trial For GTBank MD Over Illegal Account Blocking

by ReportersAtLarge
September 19, 2023
in Business
Reading Time: 3 mins read
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Guaranty Trust Bank - GTBank - Managing Director, Miriam Olusanya

GTBank Managing Director, Miriam Olusanya

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Barring any unforeseen development, the Managing Director of Guaranty Trust Bank (GTBank), Miriam Olusanya, will, from next week, be subjected to trial for blocking a customer’s account domicile in the bank’s Apata, Ibadan branch with an order purportedly obtained from a magistrates’ court in Kano State.

Justice A. L. Akintola of the High Court of Oyo State ordered the trial for contempt of court following an ex-parte motion brought by Musibau Adetunbi (SAN), the lawyer for the bank’s aggrieved customer, Mrs. Omolara Abosede Ogunkoya.

In an order issued on September 18, a copy of which was seen in Abuja on Tuesday, Justice Akintola directed that court documents relating to the contempt proceedings be served on the bank’s MD and Ms Funmi Olutayo, the manager of its Apata branch.

Part of the order reads: “Furthermore, by this order, the applicant herein is hereby allowed to serve Form 48 (notice of consequences of disobedience to order of this honourable court made on the 7th day of September, 2023 and Form 49 (notice to show cause why order of attachment should not be made and other subsequence processes in this contempt proceedings on the Managing Director of Guaranty Trust Bank Pic, Miriam Olusanya, by substituted means.to wit; by pasting the said processes on the wall of, Guaranty Trust Bank Pic, Apata branch/business office, Ibadan Oyo State.”

The contempt case was informed by the bank’s alleged refusal to obey the court’s orders contained in a judgment delivered on September 7 directing it to, among others immediately lift the restriction it placed on Mrs Ogunkoya’s account.

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Mrs Ogunkoya sued the bank after it allegedly refused to lift the restriction on her account without offering any reason for its action.

In the fundamental rights enforcement suit, marked: M/696/2023 Mrs. Ogunkoya said she had operated the account without hindrance until the bank suddenly placed a lien on it earlier this year.

She added that her efforts to make the bank rethink or provide a reason for its action proved abortive, prompting her to sue.

Delivering judgment on the suit on September 7, Justice Akintola found, among others, that the bank’s action was unjustified, noting that the order on which the bank relied to act was doubtful.

The judge said: “It is doubtful if the enrolled order of the Kano Chief Magistrate Court, attached as Exhibit B to the respondent’s (the bank’s) counter affidavit is a certified true copy of such an order.

“To the extent that it purports to be a public document, but which is not certified as a true copy of the original, this court cannot take cognizance of same.

“In the end result, the basis upon which the respondent (GTBank) has placed the lien or embargo on the applicant’s account maintained with the respondent is of doubtful validity and same cannot be recognised or given any effect to by this court.

“It is on this premise that this court finds merit in the applicant’s application, and the same accordingly succeeds. It is, consequently, hereby ordered as prayed,” Justice Akintola said.

The judge declared that GTBank’s placement of lien or seizure of Mrs Ogunkoya’s account violated her right to own property guaranteed under Sections 43 and 44 of the Constitution.

Justice Akintola ordered the bank to lift the restriction on the account immediately, orders the bank has failed to comply with, promoting Mrs Ogunkoya’s resort to the contempt proceedings to compel GTBank to comply with the subsisting orders of the court.

Tags: BREAKING NEWSGTBGTBankMiriam Olusanya
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Reporters At Large is the world’s fastest-growing online news platform and public service broadcaster. We’re impartial and independent, and every day we create distinctive, world-class programmes and content which inform, educate and entertain millions of people in Nigeria and around the world.

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Reporters At Large is the world’s fastest-growing online news platform and public service broadcaster. We’re impartial and independent, and every day we create distinctive, world-class programmes and content which inform, educate and entertain millions of people in Nigeria and around the world.

With a high level of professionalism, fairness, objectivity, accuracy and speed, we publish Breaking News Nigeria Today Headlines and International news on Politics, Tourism and Travel, Entertainment, Sports, Business Lifestyle and Sports.

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