First City Monument Bank Limited (FCMB) has taken possession of properties and assets belonging to Bankers Warehouse (BW) Limited, Vandt Investment Limited, and Victor Hammond, BW board chair, in connection with an alleged debt of N4.4 billion owed to the bank.
The takeover was carried out on Thursday by court sheriffs, accompanied by security personnel and police officers from the zonal headquarters of the Nigerian police, Lagos, to ensure full enforcement of the court’s directives.
The development was in compliance with orders issued by the federal high court in October 2025 in suit No: FHC/L/C$/1642/2025.
𝗙𝗼𝗹𝗹𝗼𝘄 𝗢𝘂𝗿 𝗪𝗵𝗮𝘁𝘀𝗔𝗽𝗽 𝗖𝗵𝗮𝗻𝗻𝗲𝗹 𝗧𝗼 𝗚𝗲𝘁 𝗟𝗮𝘁𝗲𝘀𝘁 𝗡𝗲𝘄𝘀 𝗔𝘀 𝗜𝘁'𝘀 𝗗𝗿𝗼𝗽!
