A Federal High Court in Lagos has ordered the immediate recovery of over N30.4 million, N8.6 million, and $53,000 for the liquidator of Addy Finance & Investments Limited, following a petition filed in the ongoing winding-up proceedings of the company.
In a ruling delivered on April 28, 2025, Justice Dipeolu granted reliefs sought by the liquidator in an application dated May 8, 2024, filed in Suit No. FHC/L/CP/1577/2022 between Nduka Nwabuwa & 3 others vs. Addy Finance & Investments Limited.
The court also directed the bank to provide certified statements of account for Addy Finance from November 2, 2021, to the date of the ruling.