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N8.9bn: Contractor asks court to convict bank director

By Ise-Oluwa Ige

ABUJA-A contractor,Mathan Nigeria Limited, yesterday, commenced a legal move before a Federal high court sitting in Abuja to jail the Internal Managing Director of Platinum Habib Bank (Bank PHB), Mr Kelechi Nzewuhie, over alleged flagrant disobedience to court order.

The high court had on July 29, this year, given the Platinum Habib Bank (Bank PHB) seven days to release a total N8.9billion health care contract fund which has been in its custody for about two years ago to Afri Bank.

Justice Mohammed Garba Umar who gave the order had directed Bank PHB to pay the said sum into an interest yielding account opened in the name of the Chief Registrar of the Federal high court with Afri-Bank.

The said sum represents part payment of a N37billion health care contract  awarded by the administration of former President Olusegun Obasanjo to Mathan Nigerial Limited for the construction of comprehensive health centers in each of the 774 local government councils in the country.

The sum was deducted directly from the account of the 774 local government councils and paid into the account of Mathan Nigeria Limited with Bank PHB.

Although the bank had said that transferring such huge money within seven days would affect the operations of the bank, the court held that it did not matter and that its order must be complied with.

But contrary to the court order, Bank PHB had refused to comply with the court’s directive.

Already, Mathan Nigeria Limited has filed Form 48 before the high court.
The Form is usually issued on an alleged contemnor like Bank PHB in the instant case to warn it about the consequences of disobeying court order.


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