Polaris Bank on Saturday reacted to media reports that an Ondo state High Court had granted a garnishee order directing the Central Bank of Nigeria (CBN) to freeze its account.
The bank in a press statement said the court order was to “set aside the contentious judgment sum until conclusion of hearing in the case.”
Reports said Friday that an Ondo State High Court, in Akure, the state capital, granted a garnishee order directing the Central Bank of Nigeria to freeze the account of Polaris Bank to the extent of judgment debt of over N2 billion.
