Ecobank Asks Court To Jail DMO’s DG

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Ecobank Nigeria Limited has accused the Director General of the Debt Management Office, DMO, Mr. Abraham Nwankwo, of frustrating its move to recover a huge debt allegedly owed it by an oil marketing firm, First Deepwater Discovery Limited.
The bank’s lawyer, Mr. Kunle Ogunba (SAN), appeared on Tuesday before a Federal High Court in Lagos asking the court to imprison Nwankwo over alleged disobedience and contempt of court.
The DMO’s officer directly in charge of processing fuel subsidy claims by oil marketers, Mr. Umaru Abubakar, was also sued for contempt of court.
The DMO is the agency of the Federal Government which …Read More

Source:: PM Newspaper