The Upper Sharia Court 1 sitting at GRA Zaria Kaduna state has ordered Sani Sha’aban to repay the loan of $709, 238 and N11.2m to Mr. Umar Faruk Abdullahi.
The presiding judge, Alhaji I’shaq Madahu, while delivering his judgment ordered the confiscation of the properties of Sha’aban which was used as collateral for the loan.
Furthermore, the court ordered the immediate search for buyers of the attached properties to liquidate the loan.
He added that in the event the value of the attached properties exceeds the loan amount, the balance should be returned to the respondent (Sha’aban).
The court further ordered that Sha’aban should also provide balance if the value of the properties is not up to the loan amount.
Counsel for the plaintiff, Kabir Momoh, expressed satisfaction with the judgment.
Similarly, Nasir Sa’id, counsel for the defendant said he was not briefed by his client to speak to the press on the matter.
