Federal Court Rules Against First Bank In Assets Dispute | Sahara Reporters

Federal Court Rules Against First Bank In Assets Dispute | Sahara Reporters: Justice Abdulaziz Anka of the Federal High Court in Ikoyi, Lagos ruled against the order given by Justice Saliu Saidu stating that First Bank Plc., through its receiver, Mr. Emmanuel Oyebanji, to take over the entire assets of an oil firm Zone 4 Energy. The judge ruled that Chukelad Nigeria Limited, a third party in trade with Zone 4 Energy, was to evacuate its 2,804,735 liters of Automotive Gas Oil (AGO) and 1,927,727 liters of Dual Purpose Kerosene (DPK) stored in the tank farm belonging Zone 4 Energy Limited.