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Alleged N998.6m Debt: Court Freezes Businessman, Dare Osamo’s Accounts

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1 day ago

April 14, 2025

In the motion Exparte, Omeye had asked the court for the following reliefs: “an order of Mareva Injunction restraining the 3rd to 21st respondents, their agents, privies and/or assigns from transferring, dealing with or paying over or disposing of, howsoever, any money to the tune of N998, 618, 351.13 (Nine Hundred and Ninety-Eight Million, Six Hundred and Eighteen Thousand, Three Hundred and Fifty-One Naira, Thirteen Kobo) or any lesser sum, belonging to the 1st & 2nd defendants from the jurisdiction of this court pending the determination of the Motion on Notice.

“An order of the Honourable Court directing the 3rd to 21st respondents to disclose to this Honourable Court on oath within 14 days from the date of service of the order of mareva, the sum total of the money in the custody of the 3rd to 21st respondents belonging to the 1st and 2nd defendants.

“An order of the Court directing the Inspector General of Police or the Commissioner of Police, Lagos State Police Command to give police assistance/protection to the 3rd Plaintiff/Applicant who has been appointed Receiver pursuant to All Assets Debenture Trust Deed dated 22nd February 2018 with certificate of registration dated 22nd May 2018 and Supplemental Debenture Trust Deed dated 22nd October 2018 with certificate of registration dated 16th November 2018, to enable the 3rd Plaintiff exercise receivership rights over the charged assets of the 1st defendant pending the hearing and determination of the Motion on Notice.”

Omeye supported the motion Exparte with an affidavit deposed to by one Samson Newton, a written address and other documentary exhibits.

Ruling on the motion Exparte, Justice Lewis-Allagoa held that: “after careful consideration of the application and submission of counsel.

“It is hereby ordered as follows: “That an Order of Mareva Injunction is granted restraining the 3rd to 21st respondents, their agents, privies and/or assigns from transferring, dealing with or paying over or disposing of, howsoever, any money to the tune of N998, 618, 351.13 (Nine Hundred and Ninety-Eight Million, Six Hundred and Eighteen Thousand, Three Hundred and Fifty-One Naira, Thirteen Kobo) or any lesser sum, belonging to the 1st & 2nd defendants from the jurisdiction of this court pending the determination of the Motion on Notice.

That an Order of the Hon. Court is granted directing the 3rd to 21st respondents to disclose to this Hon. Court on oath within 14 days from the date of service of the order of mareva, the sum total of the money in the custody of the 3rd to 21st respondents belonging to the 1st & 2nd defendants.

“That an Order of Court is granted directing the Inspector General of Police or the Commissioner of Police, Lagos State Police Command to give police assistance/protection to the 3rd plaintiff/applicant who has been appointed Receiver pursuant to All Assets Debenture Trust Deed dated 22nd February 2018 with certificate of registration dated 22nd May 2018 and Supplemental Debenture Trust Deed dated 22nd October 2018 with certificate of registration dated 16th November 2018, to enable the 3rd Plaintiff exercise receivership rights over the charged assets of the 1st defendant pending the hearing and determination of the Motion on Notice.”

The judge thereafter adjourned the matter to May 2, for hearing of substantive suit.

Culled: The Moment

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