N213m loan default: Court Orders Jaiz Bank To Sell Chancellors Farms’ 1,150 Metric Tonnes Rice Facility

The Federal High Court in Abuja has ordered Jaiz Bank PLC to possess and sell the 1,150 metric tonnes of rice paddy wire house belonging to Chancellors Farms Nigeria Limited,

The order followed Chancellors Farms failure to pay back N213 million loan.

The order was granted in a motion ex-parte marked FHC/ABJ/CS/401/2024 and filed by the bank against the agricultural firm.