A high court in Ifo, Ogun State, is set to rule on an Interlocutory Injunction in an alleged breach of contract action on Monday, 3rd August 2026, which involves Zenith Bank PLC and Olugbenga Ajala, Esq (Receiver Manager of Dolphin Steels Limited).
A finance company, Prodigy Finance Limited, had instituted an action against the bank and the receiver manager in Suit No. HCF/136/2026, seeking among other reliefs from the court, an order of specific performance against the bank, for the sale of the assets of Dolphin Steels Limited (In receivership) which is located at Papalanto in the Ifo Local Government Area of Ogun State.
At the resumed hearing of the application which came up on Thursday 23rd July 2026; the bank was not represented by any legal counsel, likewise the 2nd defendant; when counsel for the applicant, Oluwatosin Olumakin, Esq urged the court, to grant the application for injunction against the bank and the receiver manager from further tampering with or alienating the assets of the company in receivership; pending the hearing and determination of the substantive suit.
The judge, Hon. justice Ogunfowora, having observed that the requisite hearing notice was duly served on the parties, and they were out of time to respond to the application, upon hearing the applicants counsel, adjourned the matter to Monday, 3rd August 2026 for ruling accordingly.