Court Bars Banks From Instigating Kashamu's Arrest

 

The Federal High Court in Lagos yesterday barred five commercial banks from instigating Senator Buruji Kashamu’s arrest by security agencies over an alleged debt, reports the Nation.

Justice Chukwujekwu Aneke made an order of perpetual injunction restraining the banks and their officers from instigating the Economic and Financial Crimes Commission (EFFC) to arrest, interrogate or detain Kashamu.

It is with regards to “an innocuous and unblemished civil contractual transaction” between Kashamu and the banks. The banks are Ecobank Nigeria Plc, Union Bank Plc, Enterprise Bank Plc, Zenith Bank Plc and First City Monument Bank Plc. The judge declared that the EFCC and the police were not empowered to act as debt collectors.

Kashumu is sued along with his companies: Kasmal Properties Ltd, Hotel De Island Ltd, Nacoil International Ltd, Hotel De Island Bureau De Change Ltd, Island Auto International Ltd, Daily Capital Microfinance Ltd and Kasmal Group of Companies.

They claimed the banks were being used by his political opponents to send the EFCC after him over the loans he obtained.