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    NjiaPay: South African Fintech Startup Reshaping Payment Solutions for African Businesses

    NjiaPay: South African Fintech Startup Reshaping Payment Solutions for African Businesses

    Ghana’s Kofa Secures $8.1M Pre-Series A Funding to Drive Clean Energy Access Across Urban Africa

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    LoftyInc Capital Secures $43 Million for First Close of New Pan-African Seed Fund

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Courts Slams N2.5m Fine on FIRS, First Bank Over Freezing of Lawyer’s Account in Lagos

by Eucharia Egwuma
September 29, 2021
in Lagos News
Reading Time: 2 mins read
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Court Jails Former Dangote GM, Others For $32,000 Fraud in Lagos
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Justice Daniel Osiagor of a Lagos Federal High Court has ordered First Bank Plc and Federal Inland Revenue Services (FIRS) to pay N2.5 million to a lawyer, Johnson Odion Esezoobo, whose law firm’s account was unlawfully frozen over false tax default of N54.6 million.

The trial judge made the order yesterday while granting all the reliefs sought by Esezoobo in the enforcement of his fundamental rights suit brought against the bank and FIRS.

The plaintiff had in his suit prayed the court to order both First Bank Plc and FIRS to defreeze and release forthwith the restriction placed on his law firm’s bank account domiciled in Somolu branch of the bank.

Esezoobo, however, also asked the court to set aside FIRS’s claim of N54.6 million and the purported penalty of N100,000, together with additional penalty of N5,000 for six years as unconstitutional, illegal, null and void.

The lawyer also asked the court for an order for payment of N50 million, being exemplary damages against the FIRS and First Bank Plc, jointly and severally, for unlawful deprivation of his fundamental rights.

Responding to the suit, both the bank and FIRS have asked the court to dismiss the suit for lacking in merit. While delivering judgment in the suit, Justice Osiogor granted all the reliefs sought by the lawyer. He also awarded damages of N2.5 million and N20,000 for cost of filing the suit against the defendants jointly and severally.

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