Friday 5 September 2014

RT! Court freezes Dangote’s brothers’ account in 20 banks



Court freezes Dangote's brothers' account in 20 banks
Court freezes Dangote's brothers' account in 20                banks
A Federal High Court, in Lagos, has ordered 20 commercial banks in Nigeria to dishonour all withdrawal cheques from Mr Sani Dangote, younger brother to Alhaji Aliko Dangote, and his companies, Dansa Foods Limited and Bulk Pack Services Limited.

Justice Okon Abang, who made the order on Thursday, in a ruling, said the order subsists till September 11, 2014, when the court would entertain all applications in a suit brought by Union Bank Plc against Dangote and his companies.




Union Bank had taken Dangote and his companies to court over alleged refusal to liquidate about N5.2 billion loan granted them since September, 2008.

One Olufunmilola Ayoola, an official of the bank, who deposed to the bank's affidavit, alleged that the failure of the defendants to liquidate the monumental debt had negatively affected the Nigerian economy, a development which the bank claimed necessitated the suits.


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....not been guaranteed of your share, you are already canvassing for another person." "Why are you so greedy? Don't you know it is right that as sons of Dogongari we should be our brothers' keepers?" Sule tackled Bawa. Bawa snorted. "Let's get Yakubu to give us milk first before we know what to do." The four boys walked to the master's house situated on top of the hill. It was a neat bungalow with green lawn that was well kept. They walked behind the house with Tanko in the lead. At such times, Mr. Jacobs would be at the church holding service with the natives and settling disputes amongst the people. They found Yakubu plucking mango behind the house. Yakubu saw them and frowned. "What is it you've come here for?" he asked. "We want to have some milk?" Tanko said. "Is that why you've come in a battalion? Or do you want to get me into trouble?" Yakubu said. "Come one, we are your brothers, and I am sure you know us," Tanko said. "I objected to all of us coming here but they will not listen to me," Bawa said. Yakubu looked at him. He knew him enough to understand his intentions. So he paid no heed to him. "I will get you some milk but next time nobody should come here for anything. The master will get me into trouble if he knew I was giving out his milk," Yakubu said. He went inside and returned with a cup full ofmilk. "Here," he said and handed it to Tanko. "Thank you," they said "Now hurry away before he comes around. Keep the cup for me Tanko, I will collect it from you tomorrow in school," Yakubu said and the boys left. Just as they walked down the hill, they saw Mr. Jacobs returning home. They all lay down in the grass-and crawled to the other side of the hill to avoid being seen by the master. Some milk spilled. Mr. Jacobs was a fast walker. He always seemed to be in a hurry. He walked up to the house and disappeared through the front door. The boys took to their heels and ran to their hostel. "We Will divide it amongst ourselves, the four of us," Sule said. "Why? It was Tanko and T that had the idea of going for the milk. You and the village head chiefs son only met us on our way and you boys only escorted us so, both of you are not part of it," Bawa said. "Are you saying they will not get from the milk? That is being greedy," Tanko said. "No, it's not being greedy, it is only not being foolish," Bawa argued. "How can people who did not plant or know anything about sowing now want to have a share of the harvest? This is what my father will call cheating." "Your father is a cheat," Sule said. Garba was just watching them. He had never had this type of milk before and he realltwanted a Wste of it. But he was wondering why .:Bawa was so selfish. "How dare you call my father a cheat? Who is your father? Is he not the man who likes to borrow money to do anything?" Bawa fired back. Sule was angry. It was true that his father had borrowed money from Bawa's father and it had become a known issue when his father could not pay as at when due and Bawa's father had made a big issue out of it and everybody in Dogongari heard of it. However few days later his father had paid the money. "Don't insult my father," Sule warned. "You started it," Bawa said. He turned to Tanko, "You will share the milk in two equal parts between you and me. You can give whoever you choose to."

TO BE CONTINUED TOMORROW....PLEASE VISIT OUR BLOG AGAIN TOMORROW FOR A CONTINUATION OF THIS AMAZING STORY!}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}



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