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Bank Demands ₦20.4 Billion Over Enugu Property Demolition

 

Ohha Microfinance Bank Limited has sued the Enugu State Government for allegedly demolishing its headquarters and assets without compensation, describing the act as a grave violation of constitutional rights.

 

The bank filed the suit on Monday at the Enugu State High Court, seeking ₦20.4 billion in damages, including ₦420.2 million for destroyed assets and ₦20 billion in aggravated damages. It also demanded interest on the judgment sum until full payment.

 

The bank’s lawyer, Olu Omotayo, stated that the demolition occurred despite a 72-hour notice issued on May 12, 2024. The bank’s movable properties, including two safes valued at ₦15 million, were also destroyed.

 

Citing Sections 43 and 44(1) of the Nigerian Constitution, the bank argued that the demolition violated citizens’ rights to own property and failed to meet legal standards for compensation.

 

The plaintiff urged the court to declare the government’s actions unconstitutional and null, accusing officials of neglecting their claims despite the bank’s 27 years of operation in Enugu.

 

No date has been set for the hearing.

Bank Demands ₦20.4 Billion Over Enugu Property Demolition**

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