A High Court of the Federal Capital Territory (FCT) has granted an interim order freezing bank accounts belonging to TAK Logistics Limited, TAK Agro Plc, and their director, Thomas Akoh Etuh.
The court barred them from accessing funds, shares, dividends or other financial instruments up to N24,934,741,718.91 “standing to their credit in any account maintained with any bank or financial institution”.
The order was based on an ex parte application filed by a Senior Advocate of Nigeria (SAN), Mofesomo Tayo-Oyetibo, on behalf of Keystone Bank Limited.
Justice A. I. Akobi restrained the defendants from withdrawing, transferring, or dissipating any funds, shares, dividends, or financial instruments in their possession.
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The court also directed all banks and financial institutions holding the defendants’ accounts to preserve the funds and file affidavits within seven days disclosing the account balances and statements.
The defendants were also barred from disposing of any movable or immovable property up to the value of N24.9 billion, pending further court proceedings.
Justice Akobi granted an order for substituted service on the third defendant, Thomas Etuh, permitting conveyance of court documents via courier or by posting at his known address.
The court ordered: “That upon the service of this order on any bank or financial institution, such bank or financial institution shall give immediate effect to the Order by preserving any and all funds, or other financial instruments up to the sum of N24,934,741,718.91 standing for the credit of the first defendant, second defendant, and third defendant…”
A copy of the order, dated July 16, 2025, was obtained on Monday.
Justice Akobi adjourned till July 22.
