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Osun

The Osun State Government has asked the Federal High Court in Lagos to lift a “Post No Debit” restriction placed on some of its bank accounts over a $13.9 million award involving Gamji Nigeria Company Limited.

The request followed an interim order issued by Justice D.E. Osiagor after Gamji’s lawyer, Yunus AbdulSalam, SAN, filed suit number FHC/L/CS/1233/2026 before the court.

The restriction prevents withdrawals or other debit transactions from the affected accounts, potentially limiting the state government’s ability to access the funds.

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Osun, however, has challenged the circumstances surrounding the order, alleging that the court was not given complete information before the interim relief was granted.

The state government accused Gamji of deceit and alleged non-disclosure of material facts relating to the dispute.

According to the state, it had already commenced proceedings before the Lagos State High Court on September 1, 2026, seeking to set aside the July 2026 award in favour of Gamji and suspend its enforcement.

The state government’s position is that the pending proceedings and its challenge to the award were relevant matters that should have been brought to the attention of the Federal High Court before the interim order was made.

The dispute centres on a $13.9 million award involving Gamji Nigeria Company Limited, with the company seeking to enforce the award against the state.

Osun’s latest application seeks to prevent the continued restriction of its accounts while it pursues its challenge to the underlying award.

The government’s request places the dispute before two judicial processes, with the state maintaining that the July award should first be reviewed and its enforcement suspended.

The “Post No Debit” order has become a key point of contention because of its potential impact on the state’s access to public funds.

Osun is therefore asking the Federal High Court to reconsider the interim restriction in light of the proceedings it said were already pending before the Lagos State High Court.

The case highlights the legal complications that can arise when parties seek enforcement of monetary awards while the underlying decisions are simultaneously being challenged before another court.

The Federal High Court is expected to consider the arguments of the state government and Gamji Nigeria Company Limited before determining whether the restriction on the affected accounts should remain in place.

Until the courts determine the pending applications, the dispute over the $13.9 million award and the enforcement measures against Osun’s accounts remains unresolved.

The Traffic NG
Osun
Amarachi Ihesiulo
The Traffic NG

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