First Bank Flood airline company and seize the premises over N4 billion debt.

First Bank Flood airline company and seize the premises over N4 billion debt.

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NewsReport gathered that following a raid on the firm’s offices by representatives of the lenders, Med-View Airline has accused First Bank of violating a court order about an alleged N4 billion debt owed by the airline company.

The bank representatives and police officers allegedly broke into Med-View Airline’s properties in Ikeja and Lekki on Monday, telling the airline that they were carrying out a court order that First Bank had received.

The counsel to Med-View Airline, Lawal Pedro (SAN), said the presence of First Bank violated the court proceedings, as the ex-parte order made by Hon Justice Lawal Akapo in Suit No. ID/6251/GCMW/22, delivered on November 22, didn’t include possession of Med-View’s properties.

It was learned that the preservation of Med-View assets was ordered by Justice Akapo, who also reportedly directed both parties to refrain from the sale or other alienation.

The order was made pending First Bank’s compliance with the pre-action protocol procedure. Although the creditor hasn’t filed an action as regards the alleged debt.

Pedro explained that two more ex-parte obtained by First Bank granted by Hon Justice Oluyemi in Suit No ID/6241/GCMW/22 and ID/6243/GCMW/22 on November 22, only ordered the takeover of the managing director’s residential house.

Pending First Bank’s compliance with the pre-action protocol procedure, the court penned down the property located at Olabanji Olajide Street off Admiralty way Lekki Phase 1, owned by Med-View manager for takeover.

Speaking on the situation, Pedro said, “We have held meetings with the bank officials and exchanged correspondence on amicable resolution of any outstanding debt and for the parties to resume normal banking relationship.

“So, it came to us as a rude shock this morning (Monday) when policemen invaded our clients’ properties in Ikeja and Lekki, chased everyone away, and sealed the properties as if the final judgment had been awarded in favor of the bank on the alleged debt.

“We believe that this is an illegality and an institution like First Bank, with the full complement of the legal department and which we hold in high esteem, should not be involved in this type of action. We are taking appropriate steps to seek justice and remedy for our clients by due process of law.”