Close Menu
Chronicle NG
    Trending Stories
    The US has announced a reward of up to $10m for information on several Iranian officials, including the country’s new supreme leader.

    US offers $10m reward for information on Iran’s supreme leader Khamenei, others

    March 13, 2026
    Tinubu sets up petroleum reform task force to drive sector overhaul

    Tinubu sets up petroleum reform task force to drive sector overhaul

    March 13, 2026
    Trump says Putin may be helping Iran in war with US-Israel

    Trump says Putin may be helping Iran in war with US-Israel

    March 13, 2026
    Facebook X (Twitter) Instagram
    Trending
    • US offers $10m reward for information on Iran’s supreme leader Khamenei, others
    • Tinubu sets up petroleum reform task force to drive sector overhaul
    • Trump says Putin may be helping Iran in war with US-Israel
    • Dangote refinery hikes petrol price to N1,175/litre
    • US military aircraft crash in Iraq kills four crew members
    • Obi refutes seeking Bwala’s support for 2023 campaign
    • Arbeloa says Mbappe fit for Man City Champions League clash
    • Rena Wakama urges D’Tigress to focus after South Korea loss
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Saturday, March 14
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle NG

    Contempt: Court vacates order sentencing Fidelity Bank MD, Company Secretary to prison

    David GreatBy David GreatFebruary 21, 2023No Comments3 Mins Read
    Facebook Twitter Telegram WhatsApp
    Fidelity Bank, Mrs. Nneka Onyeali-Ikpe Akwa Ibom State
    Fidelity Bank MD, Mrs. Nneka Onyeali-Ikpe
    Facebook Twitter WhatsApp

    A Chief Magistrate Court in Ikeja, Lagos has vacated its ruling that convicted and sentenced the Managing Director and Company Secretary of Fidelity Bank Plc to six weeks in prison or a fine of N400,000 respectively for contempt.

    The Chief Magistrate, Mr. Lateef Owolabi vacated the order in a Suit No: MIK/4726/22 between Justin Ahmed, (judgement creditor), Prince Enabulele Osazee, (judgement debtor) and Fidelity Bank Plc, (1st Garnishee/Applicant).

    The court in an earlier ruling delivered on February 6, 2023, held that the Managing Director of Fidelity Bank, Nneka Chinwe Onyeali-Ikpe and the Company Secretary, Mrs. Unuigboje Ezinwa should be committed to six weeks’ imprisonment over alleged disobedience of a garnishee order of the court restraining the bank from allowing a judgement debtor access to his account.

    However, at the resumed proceedings on the matter on Feb 15, 2023, the court vacated the committal order against Fidelity Bank boss on the premise of facts presented before the court that the alleged acts of contempt were not deliberate but arose out of communication gap between the said parties and the erstwhile counsel.

    The court in its ruling also stated that the error or sin of the counsel should not be visited on a party or litigants. The court also noted that the monies which was the subject matter and fulcrum of the contempt proceedings has since been paid to the judgment creditor.

    Fidelity Bank

    “From the materials presented before this court by the applicant, this application falls within the classic rule where the error or sin of the counsel should not be visited on a party or litigants. Moreover, the applicant has averred that the monies subject matter, the fulcrum of the contempt proceedings had since been paid to the judgment creditor. Having fully discharged this payment to the satisfaction of the judgment creditor, this court should not be seen to cry more than the bereaved,” Mr Lateef Owolabi held.

    The solicitor to the bank explained that Fidelity Bank, being a law abiding institution that will never or under any circumstance, directly or indirectly denigrate the integrity of the nation’s judiciary, had upon receipt of the garnishee order nisi on December 22, 2022, conducted a search immediately, and the result showed several accounts bearing similar names to the judgment debtor’s (Prince Enabulele Osazee).

    To prevent the bank from erroneously restricting the wrong account, the bank filed an affidavit requesting additional account details to enable it ascertain the correct account(s) to restrict.

    He further stated that, on January 16, 2023, the bank received the judgment creditor’s affidavit showing the account number of the judgment debtor. Armed with the correct account number, Fidelity Bank immediately identified and placed a lien on the judgment debtor’s account.

    Unfortunately, during the intervening period, the judgement debtor had carried on depositing and withdrawing from his account.

    In vacating the order on February 15,2023, the Chief Magistrate held that based on the materials before the court, the applicant has been able to tether the law to the facts to warrant the grant of the relief sought on their own strength and not based on lack of opposition.

    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    The US has announced a reward of up to $10m for information on several Iranian officials, including the country’s new supreme leader.

    US offers $10m reward for information on Iran’s supreme leader Khamenei, others

    Tinubu sets up petroleum reform task force to drive sector overhaul

    Tinubu sets up petroleum reform task force to drive sector overhaul

    Trump says Putin may be helping Iran in war with US-Israel

    Trump says Putin may be helping Iran in war with US-Israel

    Dangote refinery hikes petrol price to N1,175/litre

    Dangote refinery hikes petrol price to N1,175/litre

    US fighter jet

    US military aircraft crash in Iraq kills four crew members

    2027 votes must count, Obi warns election officials against rigging

    Obi refutes seeking Bwala’s support for 2023 campaign

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    The US has announced a reward of up to $10m for information on several Iranian officials, including the country’s new supreme leader.

    US offers $10m reward for information on Iran’s supreme leader Khamenei, others

    March 13, 2026
    Tinubu sets up petroleum reform task force to drive sector overhaul

    Tinubu sets up petroleum reform task force to drive sector overhaul

    March 13, 2026
    Trump says Putin may be helping Iran in war with US-Israel

    Trump says Putin may be helping Iran in war with US-Israel

    March 13, 2026
    Dangote refinery hikes petrol price to N1,175/litre

    Dangote refinery hikes petrol price to N1,175/litre

    March 13, 2026
    US fighter jet

    US military aircraft crash in Iraq kills four crew members

    March 13, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.