Two firms, Energen Oil and Gas Limited, and Applause Global Services Nig, Ltd have initiated a contempt proceeding against the Chief Executive Officer of Providus Bank Limited, Walter Akpani over alleged disobedience to the orders of the court. In a notice of consequences of disobedience to the order of court (Form 48), Justice M. A. Savage of the Lagos State High Court, ordered the bank to immediately unfreeze bank accounts belonging to the two companies. Joined as defendants in the suit marked ID/17628MFHR/2024 are Globus Bank Ltd, Zenith Bank Plc, and Access Bank Plc. The court further restrained the respondents
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