The Federal High Court in Lagos has ordered the freezing of bank accounts linked to Petrocam Trading Nigeria Limited and its principal, Patrick Ilo, over an alleged N9.05 billion debt owed to Zenith Bank Limited.
Justice Chukwujekwu Aneke granted the interim order in Suit No: FHC/L/CS/393/2026 following an ex parte application filed by Zenith Bank seeking to preserve funds allegedly owed as of May 31, 2025.
The court restrained the defendants, whether acting personally or through agents, privies, or assigns, from withdrawing, transferring, dissipating, or otherwise dealing with funds up to the sum of N9,057,511,855.63 pending the hearing and determination of the Motion on Notice.
