By Peter Omopo
Abuja, July 21, 2025 — The High Court of the Federal Capital Territory (FCT), Abuja, has issued an interim order freezing all bank accounts linked to TAK Logistics Limited, TAK Agro PLC, and their director, Thomas Etuh, over an alleged debt amounting to ₦24.93 billion.
Justice A.I. Akobi granted the order on Monday following an ex parte application filed by Mofesomo Tayo-Oyetibo (SAN) on behalf of Keystone Bank Limited.
The ruling includes a Mareva injunction, effectively restraining the defendants—TAK Logistics, TAK Agro, and Etuh—from accessing or dealing with any funds, shares, dividends, or other financial instruments up to the disputed sum.
In addition to freezing the accounts, the court ordered all commercial banks and financial institutions holding accounts operated by the defendants to immediately preserve the funds and file affidavits within seven days disclosing account balances and providing relevant bank statements.
Justice Akobi also barred the defendants from transferring, selling, or disposing of any movable or immovable assets pending the final determination of the case.
Furthermore, the court granted Keystone Bank permission to serve court documents on the third defendant, Thomas Etuh, through substituted means—either by courier or by posting them at his last known address.
“The defendants, their directors, agents, privies, or representatives are hereby restrained from withdrawing, transferring, dissipating, or otherwise dealing with funds, shares, dividends, or any other financial instruments up to the sum of ₦24,934,741,718.91, or any part thereof, in any bank or financial institution,” the court ruled.
Justice Akobi also directed that the freezing order applies to any account connected with the defendants through Bank Verification Number (BVN) 22273745073.
Banks and financial institutions affected by the ruling are required to comply immediately, preserve the funds, and submit detailed account disclosures within seven days of being served with the court order.
The interim injunction is set to lapse seven days after service unless formally extended by the court.
The matter has been adjourned to July 22, 2025, for further proceedings.
