{
  "id": 11892435,
  "title": "Court places restriction on Osun bank accounts",
  "url": "https://urgent.news/2026/10/04/court-places-restriction-on-osun-bank-accounts-11892435",
  "topic": "world",
  "section": "World",
  "published": "2026-10-04T09:13:27.000Z",
  "source": {
    "name": "Premium Times",
    "slug": "premium-times",
    "url": "https://www.premiumtimesng.com/news/top-news/914361-court-places-restriction-on-osun-bank-accounts.html"
  },
  "original_language": "en",
  "account": null,
  "summary": "A Federal High Court in Lagos has ordered commercial banks to place a \"Post No Debit\" restriction on accounts operated by the Osun State Government. This follows a suit filed by Gamji Nigeria Company Limited seeking to preserve funds in the state government's accounts pending enforcement of an outstanding payment award.\n\nThe restriction relates to a $13.9m arbitration award in favour of Gamji Nigeria Company Limited, which arose from water infrastructure projects executed in Ilesa West Local Government Area of Osun State. The award includes $13,924,343.32 and N157.5m.\n\nThe banks listed in the order include Guaranty Trust Bank, Access Bank, First Bank, Zenith Bank, United Bank for Africa, Ecobank, Fidelity Bank, Stanbic IBTC, Sterling Bank, Union Bank and Wema Bank, among others, according to Daily Post Nigeria.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Punch",
        "title": "Court places restriction on Osun bank accounts",
        "url": "https://urgent.news/2026/10/04/court-places-restriction-on-osun-bank-accounts",
        "published": "2026-10-04T00:16:45.000Z"
      },
      {
        "outlet": "Daily Post Nigeria",
        "title": "Court orders banks to freeze Osun accounts over $13.9m arbitration award",
        "url": "https://urgent.news/2026/10/04/court-orders-banks-to-freeze-osun-accounts-over-13-9m-arbitration",
        "published": "2026-10-04T05:38:54.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}