The Federal High Court sitting in Lagos has restrained about thirty commercial banks and all other financial institutions operating in the country from releasing or dealing in any money and assets belonging to Purple Real Estate Development Company Ltd and its sister company, Purple Real Estate Income Ltd which were co-founded by one Laide Agboola.
The court gave the exparte order after listening to the submission of counsel to the plaintiffs, Adetunji Adedoyin-Adeniyi of AAA chambers. Justice Aneke also directed the Banks to file within 7 days, an affidavit disclosing the balance on the Defendants’ accounts maintained with the Banks as at the date of the Order.
The court also made an order directing the Inspector General of Police, the Assistant Inspector General of Police Zone 2, the Commissioner of Police, Lagos State, the Commandant/ General of the Nigeria Security and Civil Defence Corps, his Assistants, and all other officers under their command to assist theFurther hearing in the suit was then adjourned to July 22nd 2024.