A Federal High Court in Lagos orders banks to place a “Post No Debit” restriction on accounts operated by Osun State Government. The restriction is issued on an interim basis pending further legal steps related to an arbitration award.
The court action follows a suit filed by Gamji Nigeria Company Limited, which seeks to preserve funds in the state’s accounts while the outstanding award is enforced. Multiple outlets identify the award as amounting to about $13.9 million in Gamji’s favour, and one report also references an additional N157.5 million component. Reporting differs mainly in how the amounts are framed and in emphasis on the purpose of the order—preserving funds versus freezing/debit restriction language—but the core decision and party seeking the order are consistent across coverage.
The judge named in the reports is Justice D.E. Osiagor, who grants the interim application after it is presented through Gamji’s counsel.
