It seems this man and arrest are synonymous, lol!

"The Federal High Court in Lagos yesterday barred five commercial banks from instigating Senator Buruji Kashamu’s arrest by security agencies over an alleged debt.

Justice Chukwujekwu Aneke made an order of perpetual injunction restraining the banks and their officers from instigating the Economic and Financial Crimes Commission (EFFC) to arrest, interrogate or detain Kashamu.

It is with regards to “an innocuous and unblemished civil contractual transaction” between Kashamu and the banks.
The banks are Ecobank Nigeria Plc, Union Bank Plc, Enterprise Bank Plc, Zenith Bank Plc and First City Monument Bank Plc.
The judge declared that the EFCC and the police were not empowered to act as debt collectors.

Kashumu sued along with his companies: Kasmal Properties Ltd, Hotel De Island Ltd, Nacoil International Ltd, Hotel De Island Bureau De Change Ltd, Island Auto International Ltd, Daily Capital Microfinance Ltd and Kasmal Group of Companies.

They claimed the banks were being used by his political opponents to send the EFCC after him over the loans he obtained".

“The applicants’ relationships with the third to seventh respondents (banks) are purely banker/customer relationships with valuable security collaterising all loans taken from the banks and therefore devoid of criminality as to justify reference to law enforcement agents.

“The first and second respondents (EFCC and IGP) are agencies of the government charged with the responsibility of combating economic and financial crimes.

“In the course of their relationships with the third to seventh respondents (banks), the plaintiffs have not committed any economic, financial or general crime as to warrant being reported to and or interrogated and detained by the first and second respondents.

“I believe the indebtedness of a customer to his bank is not a crime under the laws of the Federal Republic of Nigeria,” Kashamu said in a supporting affidavit.

He urged the court to declare that the respondents had violated his rights to liberty and to own property under sections 35 and 44 of the 1999 Constitution for harassing, intimidating, arresting and threatening him with detention.

However, Ecobank asked the court to dismiss or strike out Kashamu’s suit for being a gross abuse of the court processes.
Its case with Kashamu, the bank said, had to do with his indebtedness to the defunct Oceanic Bank, acquired by Ecobank and had no connection with his purported extradition process to the US for heroine importation charges.

http://thenationonlineng.net/court-bars-banks-from-instigating-kashamus-arrest-2/

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I am coming

Did he not give a collateral before the bank gave him the loan. And I'm sure banks' collaterals are always more than the loans they give.

So the banks should take over the collateral. They are empowered by the law to do so.


Chikena.


But kashamu though... Always appearing in the news for the wrong reasons. Apologies to kashamus nationwide.

Democracy to Dictatorship government

Kashamu with the 9 lives....

Kashumu sued along with his companies: Kasmal Properties Ltd, Hotel De Island Ltd, Nacoil International Ltd, Hotel De Island Bureau De Change Ltd, Island Auto International Ltd, Daily Capital Microfinance Ltd and Kasmal Group of Companies.

front companies or shell corporations

They claimed the banks were being used by his political opponents to send the EFCC after him over the loans he obtained".

Mr man go and pay your loans.

However, Ecobank asked the court to dismiss or strike out Kashamu’s suit for being a gross abuse of the court processes.
Its case with Kashamu, the bank said, had to do with his indebtedness to the defunct Oceanic Bank, acquired by Ecobank and had no connection with his purported extradition process to the US for heroine importation charges.

Those set of thieves that liquidated oceanic bank, the type of prison you will soon end is still doing IT with Shekau. ijiat

Which kan country be dis wan sef? !

Ugly face, ugly country

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Haba. I thought he'd be in jail by now or extradited to the US

That's good



Mean while


Something to spice ur day up wid*****


* how to make babies




A child asked his father, "how were people born?" So his father said, "Adam and eve made babies, then their babies became adults and made babies, and so on". The child then went to his mother, asked her the same question and she told him, "we were monkeys then we evolved to become like we are now." The child ran back to his father and said, "you lied to me!" His father replied, "No, your mum was talking about her side of family..

Five banks?? Hmmm..

Not surprised Ecobank is among them though.

Btw which kind poster dy above me??

The truth der is that no mata wat ..rich men always have a way of coming out from any situation... but once is a common man own...der are surely going in for it,may God help us shal

ChangE where are you naw,?

The judiciary is the biggest problem of this country and the earlier the government and CJ does something about this our Judges the better for the common man. Imagine what the judgement will be like when the common man is indebted to the bank or if the common man steals a phone he gets 20 years compared to how they are protecting this man. This Judge needs to be investigated ASAP. I rest my case.

Kashamu the Economic Crook..

boboLIL:
That's good



Mean while


Something to spice ur day up wid*****


* how to make babies




A child asked his father, "how were people born?" So his father said, "Adam and eve made babies, then their babies became adults and made babies, and so on". The child then went to his mother, asked her the same question and she told him, "we were monkeys then we evolved to become like we are now." The child ran back to his father and said, "you lied to me!" His father replied, "No, your mum was talking about her side of family..

can you stop this MADNESS?!

His coming to the political world is bringing such issues to him

Banks sef no dey try for Nigeria when its comes to aiding corruption

Is Orange the new Black?

Ariel20:

can you stop this MADNESS?!

can u. Stop observing me?

palladin:
Did he not give a collateral before the bank gave him the loan. And I'm sure banks' collaterals are always more than the loans they give.

So the banks should take over the collateral. They are empowered by the law to do so.


Chikena.


But kashamu though... Always appearing in the news for the wrong reasons. Apologies to kashamus nationwide.

Kashamu is as sleazy as they come. We that live in Chicago know how sleazy he was running his evil empire here several years ago. He can hide but eventually Uncle Sam will get him.

After now e go say Na him late brother owe the money... Hmm oluwanishola no be by bank loan.

Ok

ekseel:
It seems this man and arrest are synonymous, lol!



http://thenationonlineng.net/court-bars-banks-from-instigating-kashamus-arrest-2/

And people still wonder why PMB has no confidence in Igbo judges...... Igbos will always be on the side of wrong or corruption.

agitator:
Democracy to Dictatorship government

Are you always this silly?
How is that comment of yours related to the topic of discussion?

In Nigeria when a man is perceived bad every Dick, Tom and Harry wants to take a pound of flesh. Kashamu may not be good man but he hasn't done anything wrong as perceived- he collected loan with a collateral and the bank is still after him when he has not default in his obligation #YeyeDeySmell

mbulela:

Are you always this silly?
How is that comment of yours related to the topic of discussion?

abeg leave am. Na igbo, na so dem dey do. Instead of them to attack their corrupt judges and officials, they will be looking for Buhari or Tinubu to blame.

Nigeria judicial system, confused about her job definition since 1752.

Why efcc? They should take his collateral nau .

Cash'a'mu is broke