The Federal High Court on 20th February, 2023 held that Guaranty Trust Bank was in violation of the Consent Judgment entered by the Court on 17 December, 2019 and proceeded to set aside the purported execution carried out by Guaranty Trust Bank Plc on 1st February, 2023.
Ruling on an application filed by the Law Firms of Kanu Agabi & Associates, Wahab Shittu SAN and Bonajo Badejo & Co., on behalf of Stallion,- the Honourable Justice Allagoa of the Lagos Division of the Court, held that the execution, which was purportedly done, while the Court was yet to determine the timeline for the completion of the forensic audit pursuant to the consent Judgment of the Court, was wrongful and done with the intention to undermine the proceedings before the Court.
