A High Court sitting in Osun State has issued an interim order against the United Bank for Africa (UBA), restraining the bank from honoring any statutory payments from local government accounts operated by the recently installed “Yes/No” chairmen.
The court’s ruling, delivered on Monday, directed that all such transactions be suspended pending the hearing and determination of a Motion on Notice filed before it.
The interim order comes amid growing legal battles over the legitimacy of the controversial local government leadership, with stakeholders alleging that their appointment runs contrary to established laws.
The matter has been adjourned for further hearing, as the court maintains its stance to preserve the funds in question until the substantive suit is determined.