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THE COURT ORDERED THE SALE OF ALGRAIN FOODS LIMITED.Algrain Foods Limited was a customer of First City Monument Bank (FCMB) and First Bank of Nigeria Limited (FBNL) and both Banks advanced credit facilities to Algrain Foods Limited. First City Monument Bank and First Bank of Nigeria Limited appointed FCMB Trustees Limited (formerly CSL Trustees Limited) as the Trustee to manage the facilities on their behalf.The account of Algrain Foods limited became toxic in the year 2016 and the Trustee appointed Mr. Ade Oyebanji SAN as the Receiver in respect of all assets debenture of the company as duly …

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