A garnishee order is a common form of enforcing a judgment debt against a creditor to recover money. Put simply, the court directs a third party that owes money to the judgement debtor to instead pay the judgment creditor. The third party is called a ‘garnishee’. A garnishee order is a legal notice the court issues that allows the creditor to collect the amount from either:

The debtor’s wages,

The debtor’s bank account, or

Other people who owe the debtor money (e.g. a real estate agent who is collecting rent).
We set out a practical guide below for creditors seeking to obtain a garnishee order.

How Do I Obtain a Garnishee Order?

The court typically makes a garnishee order for a debtor’s wages or bank account. A creditor can get this information from prior knowledge or an examination of the debtor. The order then directs a debtor’s employer to take an amount of money from the debtor’s wage to pay the creditor.

When seeking a garnishee order, the general process is as follows:

Complete the garnishee application.

Form 69: Notice of Motion, and

Form 70: Garnishee order for debts, or

Form 71: Garnishee order for wages or salary.

A justice of the peace, solicitor or barrister must also witness the creditor signing the Notice of Motion.

File the forms in court.

Serve the filed forms on the garnishee.

It’s often after the garnishee process is underway that the judgment debtor makes an application to the court for an instalment order. Here, the court can grant a debtor the right to pay the debt by instalments. If a creditor disagrees with the court’s order, they can file an objection within 14 days of receiving the decision by completing a Form 50 – Notice of Motion Objection to Instalment Order. In this form, a creditor can say that the court should either:

Not make an instalment order, or

Change the amount or the instalments, or
increase how often the debtor pays the instalments.

Simply put: The CBN can pay Innoson directly from GTBank's account with the CBN upon obtaining the garnishee order! No need sealing branches!

https://www.lexology.com/library/detail.aspx?g=eff7d6cd-a96e-4b3a-a040-e3f264621a92

Cc: Seun, Lalasticlala, Obinoscopy, mynd44

Innoson should continue sealing vital branches so these criminals called Banks will sit up.



Gtbank foolishly allowed the case to drag on since 2005 when the money was still 500million. They must pay by force.

Seconded my brother!

Still don't know the details of this story. How did they get to owe the man such a large sum? Is there a link to the full story I can read?