The Headquarters of Firstbank located at the Central Business District, Abuja, had been sealed up by the FCT High Court Enforcement Unit over failure to comply with a garnishee order.
A garnishee order is one of the options open to a judgment creditor to enforce a judgment that has been made in his favour.
It is a common way of enforcing a judgment debt and is solely used to enforce monetary judgments against a debtor to recover money.
Officials of the FCT High Court Enforcement Unit stormed the bank (Coomasie) with towing vans and cranes and towed some of its valuables.
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Items carted away included stand-by generators, Hilux vans and air conditioners among other valuables.
An official of the court, who spoke to Journalists on grounds of anonymity said,
“ It is a long story, but it is all about a garnishee order against the bank which it didn’t comply with.’’