Nigeria, April 1 -- The Federal High Court in Lagos has ordered the freezing of assets and the sum of N448 million in a debt recovery suit filed by Keystone Bank Limited against five defendants.

The trial judge, Chukwujekwu Aneke, granted the order on 26 March following an ex parte application by the applicant's lawyer, Mofesomo Tayo-Oyetibo, a Senior Advocate of Nigeria (SAN).

The defendants in the suit are Relic Resources Limited, Olufunmilayo Emmanuella Alabi, Uwadiale Donald Agenmonmen, The Magnificent Multi Services Limited, and Raedial Farms Limited.

A certified true copy of the order shared with PREMIUM TIMES on Wednesday revealed that the court granted a Mareva injunction temporarily restraining the use of the money.

The trial...