The Central Bank of Nigeria (CBN) has continued to issue a no-debit order on 30 bank accounts where the Oyo State High Court sitting in Ibadan has detained local government funding. The Oyo State High Court has extended its interim injunction against the United Bank of Africa (UBA).
In a decision on Friday, Justice Ladiran Akintola argued that the extension was necessary to ensure that all parties in the case with the No. number hearing had a fair hearing. Osun State Local Government Service Commission, UBA Plc, and the Attorney-General of Osun State
At the hearing, UBA’s attorney was not present. Despite filing a joinder request and a second challenge to the court’s territorial jurisdiction, Kazeem Gbadamosi, SAN, the lawyers representing the sacked APC council chairmen were present.
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The plaintiffs’ attorney, Musibau Adetunmbi, SAN, claimed that he needed some time to study the applications, which were only submitted on Friday and Thursday. Because their joinder application hadn’t yet been approved, he claimed that the ex-chairmen lacked locus standi.
Gbadamosi argued in opposition to the extension that his clients had a right to be included in the lawsuit because they were directly affected by the injunction. He added that it is impossible to renew an order that has expired in a court of appeal.
A further affidavit from Boluwaduro LGA’s Head of Local Government Administration, Mrs. Rachael Abidemi, was provided to the court during the course of the proceeding. She alleged that she attempted to siphon money from a private law firm’s account in violation of the court order, citing a letter from two individuals who wrote to UBA demanding that the bank pay 15% of the allocations.
Mrs. Abidemi argued that the individuals lacked legal authority and that Osun’s 2025 LG administration only allowed the directors of finance and administration and general services to signify council accounts. She submitted exhibits to confirm the current officers.
In Suit No. 4, the plaintiffs argued that the Supreme Court still has jurisdiction over the council chairs’ legitimacy. releasing funds at this point would undermine justice, according to SC/CV/773/2025.
Adetunmbi explained to journalists following the sitting that the Supreme Court’s hearing on October 7 was pending, and that the interim order was extended to protect the disputed billions.
He said, “Our contention is simple: those who paid the money knew the case was already before the court.” The Supreme Court should speak first, not the Supreme Court. The funds might have gone awry without this preservation order.
Source: Channels TV
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