{"id":19043,"date":"2024-07-23T08:41:08","date_gmt":"2024-07-23T08:41:08","guid":{"rendered":"https:\/\/theblogonline.com\/?p=19043"},"modified":"2024-07-23T08:41:08","modified_gmt":"2024-07-23T08:41:08","slug":"providus-bank-ceo-walter-akpani-faces-potential-jail-term-over-alleged-court-contempt","status":"publish","type":"post","link":"https:\/\/theblogonline.com\/?p=19043","title":{"rendered":"Providus Bank CEO Walter Akpani Faces Potential Jail Term Over Alleged Court Contempt"},"content":{"rendered":"<p class=\"p1\">Walter Akpani, CEO of Providus Bank, risks a jail term due to alleged contempt of court.<\/p>\n<p class=\"p1\"><span class=\"s1\">The bank is accused of refusing to unfreeze the accounts of Energen Oil and Gas Limited and Applause Global Services Nig, Ltd.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Providus Bank, along with three other banks, is named as a defendant in this case. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Justice M. Savage of the Lagos State High Court has issued a notice of consequences of disobedience to the court order, directing the four banks to unfreeze the accounts of Energen Oil and Gas Limited and Applause Global Services Nig, Ltd. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The court has prohibited the banks from placing any restrictions or limitations on the accounts without lawful justification.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The order was issued following the review of the originating motion on notice dated June 25, 2024. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The court, considering the arguments presented by the applicant\u2019s counsel, Abayomi Alagbada, mandated the respondents to lift the restrictions and grant full access to the accounts.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Providus Bank has been specifically instructed to ensure the beneficiaries of the applicants can operate their accounts without any hindrance.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Walter Akpani, CEO of Providus Bank, risks a jail term due to alleged contempt of court.<\/p>\n","protected":false},"author":1,"featured_media":19044,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-19043","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts\/19043"}],"collection":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19043"}],"version-history":[{"count":1,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts\/19043\/revisions"}],"predecessor-version":[{"id":19045,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts\/19043\/revisions\/19045"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/media\/19044"}],"wp:attachment":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}