When a court gives monetary judgment in favour of a creditor, an avenue to ensure the money is recovered is through the process of a garnishee proceedings.
This is a judicial process whereby a judgment creditor can recover such debt owed to the judgment debtor. For instance, if Mr. A gets a judgment against Mr. B, Mr. A can ask the court to help collect Mr B’s money from Mr C (a bank) who in turn owes Mr. B money.
Usually Mr C in this scenario can be Mr B’s bankers. If you ask any further questions on this topic, kindly send a DM or mail.
#law #legal #corporatelaw #garnishee #commerciallaw #blog #blawg #nigerianlawyer #lagoslawyer #nigerianblawg #debt #debtrecovery