Court Bars ShopRite Directors from Selling Assets

The Federal High Court sitting in Ikoyi, Lagos, has issued an order restraining the directors of Retail Supermarket Nigeria Limited, including Jide Ogundar, from selling the company's shares and assets. This order follows an ex parte application filed on November 21, 2025, and is aimed at ensuring compliance with a judgment debt.

The presiding judge, Ambrose Lewis Allagoa, delivered the consent judgment on July 22, 2025. Counsel for the judgment creditor, Tobenna Nnamani, urged the court to grant a garnishee order nisi to attach funds belonging to the judgment debtor across various banks.

The creditor is demanding details of key assets, including the company's distribution center located in Ajao Estate and its trademark. The court has adjourned the matter to May 7, 2026, to continue proceedings in the effort to enforce the judgment debt.