Sunny Odogwu’s 19 Bank accounts frozen over N26.2bn debt

News reaching our desk shows that Sunny Odogwu’s 19 Bank accounts  have been frozen over N26.2bn debt ny the Federal High Court sitting in Lagos.This instruction was given to 19 commercial banks in which these accounts were held not to allow Sunny Odogwu and his two company's Robert Dyson & Diet Limited, and SIO Properties Limited to have access to the said accounts.source


The order of the court was sequel to an order of Mareva injunction sought by a commercial bank, Diamond Bank Plc, for alleged refusal of Chief Odogwu and his companies to offset the loan of N26,229,943,035.22, they obtained from the bank‪.

Joined as co-defendants in the debt recovery suit are Corporate Affairs Commission, (CAC), The Registrar of Title, Federal Land Registry, and Leadway Trustees Limited, as fourth, fifth and sixth defendants respectively.

The presiding judge Saliu Seidu has adjourned till December 12, when the substantive suit will be heard. The plaintiff, Diamond Bank Plc, in a motion ex-parte filed before the court by its lawyer, Oluwakemi Balogun, SAN, urged the court for an order directing the banks or any other financial institutions to sequestrate within three days of the receipt of the order the court and any or all the sums of money or negotiable instruments standing to the credit of the Chief Odogwu and the two companies, their servants, agents, privies, nominees whether natural or artificial up to the outstanding indebtedness of the defendants to the bank in the sum of N26,229,943,035.22 and that the said amount be kept in the name of the Chief Registrar of Federal High Court, pending the determination of the motion on notice.‬

The bank also sought for an order restraining Chief Of Odogwu and his two companies, their agents, privies, or assigns from disposing, selling, transferring, and or alienating any of its movable or immovable asset, money, share, stock and other negotiable instrument pending the determination of the substantive suit.‬

‪The bank also sought for an order of injunction restraining Chief Odogwu, his agents, privies, servants, or assigns from personal asset, money, shares, stocks, and other negotiable instruments, however described and wherever located, pending the determination of the substantive suit.‬