Nigerian Court Freezes N7.15 Billion in Bank Dispute

Daily Trust·14 Jan 2026·1 min read

The Federal High Court in the Federal Capital Territory has instructed the Central Bank of Nigeria to freeze N7.15 billion in a legal battle between FHT Mega Express Limited and Parallex Bank Limited. FHT Mega Express alleges breach of trust by Parallex Bank, claiming the bank defaulted on financial obligations.

The court granted an interim order pending a hearing on January 15, 2026. Tolu Babalaye is representing FHT Mega Express in the case.

Plus234Feed summary based on reporting from Daily Trust.

Nigerian Court Freezes N7.15 Billion in Bank Dispute

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Nigerian Court Freezes N7.15 Billion in Bank Dispute

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