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Court Unfreeze Tee Mac Omatshola’s Bank Accounts

Tee Mac
A Federal High Court sitting in Lagos south west Nigeria has discharged the order freezing the bank accounts of former president of Performing Musicians Employers Association of Nigeria, Dr Tee Mac Omatshola Iseli.
The court also granted an order striking out the name of Dr Tee Mac Omatshola Iseli from the suit as there was no reasonable cause of action against him.
In addition the banks where he  maintained accounts were also discharged from the order.
On January 10, 2022, the presiding Judge, Daniel Osiagor through an exparte  application filed before the court  by Assets Management Corporation of Nigeria AMCON, against the   defendants, ordered the freezing of Dr. Tee Mac bank accounts in  various commercial banks in Nigeria because of the alleged debt owed defunct Afribank Plc by the Performing Musicians Employers Association of Nigeria which was at one time under his leadership.
Without notice, his bank accounts were frozen on the orders of the court, thereby denying him access to his accounts which in effect affected his numerous financial obligations and appointments.
Displeased with the embarrassing development, he approached the court to discharge the order placed on his bank accounts.
In an application dated 4th of May, filed and argued before the court by his lawyer Barrister  Kola Olapoju, sought an order discharging or varying the Order of the court  freezing Dr.Tee Mac  Accounts with various commercial banks in Nigeria and  an order of the court striking out his name from the suit as there is no reasonable cause of action against him; and for such further or other Orders as the court may deem fit to make in the circumstances.
AMCON did not oppose the application
Tee Mac Omatshola’s grounds for bringing the application are that he was the President of Performing Musicians Employers Association of Nigeria first defendant/Respondent in this suit and left the office for over 10 years ago and had not been involved in the day to day running of the affairs of the Association since then.
He never gave a personal guarantee nor enjoyed any direct benefit from the transaction that led to this legal action.
He was not a Director to the 1st defendant in the context of the provisions of the Companies and Allied Matters Act(CAMA) as adopted by the AMCON Act.
“That there was no allegation nor claim of misappropriation of the Association’s funds against him by the Association at any tribunal or any Court of Law.
“That from the content of the claims as provided in the plaintiff’s Special Claim Form, there exists no reasonable cause of action against him in this suit.
“That there was failure to give an undertaking as to damages before obtaining the Ex-parte  order, in direct contravention of Order 12, Rule 3 (1) of the Federal High Court Asset Management Corporation of Nigeria (AMCON) proceedings Rules 2018.
Furthermore, there was failure to serve the Order and other originating processes on him.
 Consequently, the court has been denied the requisite jurisdiction to hear and determine the matter as presently constituted.
Consequently,based on the argument canvassed by Mr.Kola Olapoju and his submission not opposed by AMCON’s counsel,the presiding Judge, Daniel Osiagor discharge the order.
By discharging of the Order by the court, Dr. Tee Mac Omotshola Iseli  can now start operating his bank accounts without any hindrances.

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