Following a debt recovery suit filed by the authorities of Guaranty Trust Bank (GTB) Plc against the son of a former head of state, General Murtala Mohammed identified as Risqua Mohammed and his company, AMG Petroenergy Limited, Justice Saliu Seidu of the Federal High Court in Lagos issued a marevainjunction barring Mohammed from getting access to their money . This implies that he can not make any transactions in any of his bank accounts until the ban is lifted after the hearing of the case.
According to
reports, GTB filed an ex-parte application through its lawyer, Norrison Quakers (SAN) following the alleged refusal of Mohammed and his company to liquidate a multi-million dollars credit facility, despite repeated demands. The bank said on May 18, 2011, it granted two import credit facilities for $40 million to the defendants, with an additional existing term loan of N630 million.
The bank acclaimed that it gave the defendant the facilities for financing the establishment of local letters of credit in favour of the Nigerian Liquefied Natural Gas/Nigerian National Petroleum Corporation/Pipeline and Products Marketing Company (NLNG, NNPC/PPMC) and NGL to fund the payment of Gas/Condensate/Naphtha lifted based on allocation to the company by the Federal Government.