Court orders bank to pay Abuja firm N256m over breach of contract agreement

A High Court of the Federal Capital Territory, presided by Justice Christopher Oba, has ordered Globus Bank Ltd to wage a full of N256 cardinal to an Abuja-based company, Haril Global Solutions Ltd, for breaching a contractual agreement.

In the suit marked; FCT/HC/CV/1456/2026, Haril Global Solution Ltd, Chinedu Mba, Idris Olayiwola and the Economic and Financial Crimes Commission, EFCC, were listed arsenic Defendants to the counterclaim filed by the bank.

The Claimant filed the suit by mode of Writ of Summons, wherein it complained of breach of contractual statement and wrongful deductions moving into millions of naira by the bank.

Delivering judgement connected the matter, Justice Oba declared that determination was a valid and subsisting declaration betwixt the Claimant and the Defendant, pursuant to the missive of connection of installation dated July 4, 2023, signed by some the Claimant and the Defendant and the Overdraft Facility Agreement executed betwixt the Claimant and the Defendant dated July 4, 2023. 

Subsequently, the Court made a declaration that the Claimant is entitled to the instrumentality of the Debt Service Reserve Fee Sum of One Hundred and Nine Million Naira (N109M) wrongfully withdrawn by the Defendant from the Claimant’s Debt Service Reserve Account with relationship fig 4000006572 and transferred to the Claimant’s Overdraft with relationship fig 1000085336 connected December 29, 2023, contrary to the Overd...