By Achadu Gabriel, Kaduna
Group under the umbrella of Eleme petrochemicals co-operation Investment and credit society has issued First Bank Nigeria Plc 48hrs utimmatum to Obey Court Order or dragged to court for fragrantly disobeying court order.
The lawyer for Eleme Petro- Chemical co-operative Investment and Credit society , Ibrahim Atadoga ( SAN) stated this as the position of the law as it regards to restriction on customers account in the letter addressed to the First Bank.
The SAN sited the case of Union Bank PLC vs N.M Okpara Chimaeze (2014) 9 NWLR (PT.1411) page 166, as per Ariwoola JSC, adding that supreme Court held that “It is the duty of banker to it’s customer to honor and pay cheques drawn on it by the customer as long as it has in its possession at the material time sufficient and available funds for the purpose”.
