Court Bars Ex-AGF From Accessing Firm’s Funds Over Alleged N2bn Debt

Justice Daniel Osiagor of the Federal High Court in Lagos has issued a temporary injunction preventing a former Attorney-General of the Federarion and Minister of Justice, Michael Aondoakaa, and his company, Mikap Nigeria Limited, from tampering with or dealing in the company’s properties and funds due to an alleged unpaid debt of N2 billion.

Others affected by the interim order were Samuel Iorhen Aondoakaa, Professor Godwin Abu; Nguvan Susanna Aondoaka; Engr. John Tsav; Innocent Igbalagh Aondoakaa; Venda Joseph, and Lausa Samuel.

They were listed as the former AGF’s co-defendants in the debt recovery suit marked FHC/L/CS/06/2026, filed by Keystone Bank Limited through its lawyer, Adekunle Ogunba (SAN).

The injunction barred the defendants from withdrawing funds, tampering with pledged assets, or interfering with the Receiver/Manager.

The judge further ordered all Nigerian banks to report any credit balances due to Mikap Nigeria Limited within seven days and instructed police authorities to assist in asset security.

The court also ordered, “That an interim order is granted authorising the plaintiff/applicant herein and/or its duly appointed Receiver/Manager to take over and preserve all the assets, funds, shares, etc. of the 1st defendant, pending the hearing and final determination of the Motion on Notice; particularly the under-listed pledged properties/assets:

“That an order is granted directing all companies dealing with the 1st defendant (Mikap Nigeria Limited) “to recognize and only deal with the duly appointed Receiver/Manager appointed by the plaintiff/applicant as the only one vested with the requisite powers to act on behalf of the 1st Defendant forthwith pending the hearing “a and final determination of the Motion on Notice.”

Meanwhile, counsel to the defendants, M. S. Diri (SAN), has petitioned the Chief Judge of the Federal High Court, seeking a transfer of the case from Lagos to the Makurdi Judicial Division in Benue State.

Diri urged the court to transfer the case from Lagos to Makurdi, citing that all parties reside there, the debt originated from Makurdi, and related cases were pending in courts in Benue State.

But Ogunba opposed, arguing that the loan was managed from Lagos and that the Federal High Court has nationwide jurisdiction.

He argued that the loan facility originated from its Lagos Head Office under a Central Bank of Nigeria scheme and that the Receiver/Manager operates principally from Lagos.

The judge has adjourned the case to March 5.