A Federal High Court sitting in Ikoyi, Lagos, has restrained the directors of Retail Supermarkets Nigeria Limited from selling the company’s shares or assets pending the satisfaction of a subsisting judgment debt.

The order, which affects directors including Jide Ogundare, was made by Justice Ambrose Lewis-Allagoa following an ex parte application filed on November 21, 2025, in furtherance of a consent judgment earlier entered on July 22, 2025.

In addition to the restraining order, the court directed the directors to disclose all movable and immovable assets of the company to the judgment creditor.

The application was moved by counsel to the judgment creditor, Tobenna Nnamani, FCIArb, who also urged the court to grant garnishee orders nisi attaching funds belonging to the judgment debtor across various financial institutions.

Pursuant to the court’s directive, the judgment creditor has demanded full disclosure of the company’s assets, including its distribution centre located in Ajao, Lagos, as well as all relevant trademarks and other holdings.

The case has been adjourned to May 7, 2026, for continuation of proceedings.

Follow Our WhatsApp Channel _______________________________________________________________________ Groundbreaking Guide For Lawyers: Adigwe Publishes ‘Artificial Intelligence For Lawyers’ With Free Research eBook The book also examines Nigeria's legal ecosystem, focusing on the LPELR and NBA AI Guidelines. As a bonus, every purchase comes with a FREE eBook titled: How to Use the AI Features in LegalPedia and LawPavilion. Ohio Books Ltd praises the publication, stating: "....this is the only Nigerian book I know of on the topic." How to Order: 📞 Call, Text, or WhatsApp: 08034917063 | 07055285878 📧 Email: benadigwe1@gmail.com 🌎 Website: www.benadigwe.com Ebook Version: Access it directly online at https://selar.com/prv626 Authored by Ben Ijeoma Adigwe Esq., ACIarb (UK), LL.M, Dip. in Artificial Intelligence, Director at the Delta State Ministry of Justice, Asaba, Nigeria. _______________________________________________________________________ “Enhance Legal Practice With Authoritative Reports” — Alexander Payne Offers Comprehensive Law Reports, Spanning Over A Century Of Nigerian Jurisprudence

Interested buyers are encouraged to place their orders and enquiries via: 0704 444 4777, 0704 444 4999, 0818 199 9888 Website: www.alexandernigeria.com

________________________________________________________________________ [A MUST HAVE] Evidence Act Demystified With Recent And Contemporary Cases And Materials
“Evidence Act: Complete Annotation” by renowned legal experts Sanni & Etti.
Available now for NGN 40,000 at ASC Publications, 10, Boyle Street, Onikan, Lagos. Beside High Court, TBS. Email publications@ayindesanni.com or WhatsApp +2347056667384. Purchase Link: https://paystack.com/buy/evidence-act-complete-annotation _______________________________________________________________________