Society
Its Sad News For Oil Baron Orjiako
at risk of loosing all his money – and properties
A very sad news just hit oil man, Bryant Orjiako.
He is at risk of loosing all his money – and properties.
He faces this risk through a court order.
SocietyNow.Ng learned that a Federal High Court has granted an ex-parte order freezing his bank accounts.
The order was secured by Access Bank as part of ongoing litigation over a loan dispute with the co-founder of Seplat.
A report monitored by SocietyNow.Ng on thecable.ng revealed that the order issued by presiding judge Nicholas Oweibo in suit FHC/L/BK/08/2023.directed prevents Orjiakor directly or indirectly “from operating, withdrawing from or tampering with his funds in any bank and/or financial institution within Nigeria”
The is until the determination of the case.
According to the report twelve companies were listed as respondents in the order that was issued on July 28, 2023.
The companies include Seplat Energy Plc, Helko Nigeria Limited, Neimeth International Pharmaceuticals Plc, Salvic Petroleum Resources Limited, Zebbra Energy Limited, and Ordrec Group Limited.
Also added on are Helko Marine Services Limited, Berwick Nigeria Limited, Abbeycourt Petroleum Company Limited, Abbeycourt Energy Services Limited, Abbeycourt Company Limited, and Pursley Resources Limited.
The court went on to bar the respondents from “dealing with shares, investments, bonds, assets, funds howsoever described, belonging to the debtor in their custody or in the custody of any bank/financial institution pending the hearing and final determination of the motion on notice for the appointment of a special manager filed”.
This directive is inclusive of directive that Orjiako’s former employers and business associates should not have anything to do with him until issues surrounding the loan dispute are resolved according to added information sourced from the report on thecable.ng by SocietyNow.Ng.
To compound the situation for the oil man, the court compelled all financial institutions with his money to make full disclosure of all outstanding and further directed that Orjiako or his agents must not move “his funds, investments, bonds, shares, pecuniary and other beneficial interests in all banks, financial institution and/or company in Nigeria principally in Shebah Exploration and Production Company Limited, Allenne Limited” out the courts area of influence.
The court sealed the directives that put the oil man in dire position by giving Access Bank the go-ahead “to take over and preserve all the assets of the debtor, whether same may be found, specifically the following properties belonging to the debtor be it directly or via proxy”.
