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Access Bank seeks reversal of court order allowing Seplat access to its offices

Access Bank seeks reversal of court order allowing Seplat access to its offices
January 25
14:39 2021

Access Bank has filed a notice of appeal at the supreme court to object the decision of the Lagos division of the court of appeal to suspend an interim order on the assets of Seplat Petroleum Development Company.

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The appeal court had, on Friday, suspended the Mareva injunction earned issued by a federal high court in Lagos over a loan that Cardinal Drilling Services Limited allegedly owed Access Bank.

Access Bank, through its solicitors, Kunle Ogunba and associates, argued that the learned justices of the appeal court erred in law through the suspension of the interlocutory orders made by the trial judge at the federal high court. 

The solicitors said the outcome was an abuse of court process filed to interfere with the due administration of justice.

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In an affidavit, Access Bank said: “By discharging the said interlocutory orders, the lower court had unwittingly (via a motion) determined the main appeal which seeks to also discharge the interlocutory orders made by the trial court”.

It prayed the supreme court to reinstate the interlocutory orders made by the trial court on December 24, 2020, thereby overriding the appeal court judgement. 

It is also seeking a court order to restrain the defendants, including Seplat, Cardinal Drilling Services Ltd, Mr Orjiako, Ambrose Bryant, Kalu Nwosu and/or any other person acting through them from taking further steps towards enforcing, executing or giving any effect to the ruling/order of the court of appeal pending the hearing and final determination of the appeal it has filed at the supreme court.

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