First City Monument Bank Limited (FCMB) has reportedly taken full possession of several properties and assets belonging to Bankers Warehouse Limited, Vandt Investment Limited, and Victor Hammond.
Naijaonpoint reports that this is following a court order issued by Justice Aneke of the Federal High Court, Lagos, in Suit No: FHC/L/C$/1642/2025.
The enforcement, which took place on Thursday, November 13, 2025, was carried out by court sheriffs accompanied by security personnel and officers from the Nigeria Police Zonal Headquarters, Lagos, ensuring strict compliance with the court’s directives.
Prior to the enforcement, FCMB had appointed Nick Omeye, Esq., the 2nd Plaintiff/Applicant, as Receiver, with the court directing that police protection be provided during the execution.
The takeover covers assets earlier pledged as collateral for loan facilities extended by FCMB, with Mr. Victor Hammond, the 3rd Defendant, serving as guarantor.
The assets now under FCMB’s control include:
Lagos Property
The 2nd Defendant’s real estate at 15 Korimu Kotun Street, Victoria Island, covered by Land Certificate No. LO 7649 and secured through a Tripartite Legal Mortgage dated April 14, 2013.
Kano Property
Bankers Warehouse’s property located at 12C Bompai Road, Kano, backed by a Certificate of Occupancy dated July 29, 1998, a Deed of Assignment (June 8, 2010) and Legal Mortgage (May 24, 2013).
Abuja Property
The 1st Defendant’s property at Plot 715, Gwarinpa Cadastral Zone C02, documented under C of O 13371/13371/66 at the Abuja Land Registry.
Additionally, vehicles, plants, and heavy machinery belonging to Bankers Warehouse, itemized under a Deed of Fixed Debenture dated July 3, 2013, have also been placed under the Receiver’s authority.
The court also issued a sweeping Mareva injunction restraining 19 major banks, including: GTBank, Zenith Bank, Fidelity Bank, Polaris Bank, UBA, Access Bank, Ecobank, Providus Bank, from transferring or tampering with over ₦4.1 billion linked to Bankers Warehouse and Hammond.
The injunction ensures all funds remain within the court’s jurisdiction until final determination of the case.
The 4th to 22nd Respondents, comprising the restrained banks, have been ordered to file affidavits disclosing all funds in their custody belonging to the 1st and 3rd Defendants within 14 days.
This disclosure will shape the next steps in the litigation and guarantee proper accountability for all assets and funds under contention.
The enforcement was reportedly carried out without resistance. Court officers, the Receiver, and law enforcement agencies jointly supervised the exercise to ensure full compliance with the court order.
By Thursday afternoon, FCMB had assumed complete control of the properties, with continuous police oversight to prevent unauthorized access or interference.
© 2025 Naijaonpoint, a division of NOP Media Inc. Contact us via [email protected]