Parallex Bank dey pepper FHT Mega Express over N7.15bn case

Chai! Na wah o! The matter wey dey happen between Parallex Bank and FHT Mega Express no be small thing. E be like say we don enter serious judiciary drama wey fit make person laugh and cry at the same time.

So, Parallex Bank don rush go Federal Capital Territory High Court, Abuja, make dem dismiss the case wey FHT Mega Express carry come against dem. Dem talk say na abuse of court process, and say the whole case no get ground, all na jaga-jaga. E no simple o! Justice Hauwa Gummi even get time on December 18, 2025, grant order wey freeze Parallex Bank fund wey total N7.15 billion. E be like say all dis wahala na because of money matter wey dey scatter everywhere like jollof for party.

According to the gist, FHT Mega Express no dey play, dem don sue Parallex since November 6, 2025, for Lagos State High Court, over some alleged N7,154,677,000 wey dem claim say na debt. Dem talk say dem keep this huge money inside Parallex Bank for letters of credit, but the bank no deliver as dem promise. Na wah!

FHT na serious player o, dem don carry lawyer wey sabi the law well-well, Adedayo Oshodi (SAN), come file motion wey dey on top matter like say na match wey dem wan win. Dem talk say make all the financial institutions wey dey manage Parallex Bank account freeze the money until dem fit resolve the case. Na wetin dem dey call ‘interest-yielding accounts’ matter.

But Parallex no gree sit down quietly. Dem don respond sharp-sharp with counter-affidavit, wey dey show say dem don file their own case since September 4, 2025, wey na about N4.5 billion wey dem dey try recover from FHT Mega Express. Dem dey vex say FHT dey use wahala twist and turn, and dey try frustrate dem instead of just face the case straight.

Dem maintain say FHT dey hide important facts as dem carry matter enter court, dem no even mention the earlier case wey don dey before Federal High Court. Na so wey e be, na dem wahala wey fit make court dey confuse, like say we dey play ‘musical chairs’ for ground. E mean say if court no dey careful, dem fit hear different cases wey dey produce different outcomes. E no good, my people!

Parallex Bank don talk say dem go pursue this matter to the end, because dem no wan collect pepper soup for mouth when dem suppose chop jollof rice. E simple as that! The court don adjourn matter to February 4, 2026, for dem to hear the preliminary objection, wey mean say wetin wey go happen next go determine the direction of dis whole financial drama.

So scoop am right now, we go dey eagerly wait see how all these court gist go play out, because e fit change the whole banking game for Naija. Na so the banking life be, full of drama, money, and plenty wonder!