A federal high court in Ikoyi, Lagos, has restrained the directors of Shoprite from selling the company’s shares or assets until the satisfaction of the judgment debt.
The court also ordered the directors to disclose all movable and immovable assets belonging to the company to the judgment creditor.
Ambrose Lewis-Allagoa, the presiding judge, issued the order following an ex parte application filed on November 21, 2025, in furtherance of a consent judgment entered on July 22, 2025.
Credit: The Cable
