A Federal High Court in Lagos has dismissed a suit by some aggrieved shareholders of the three nationalised banks – Afribank Plc, Spring Bank Plc and Bank PHB Plc – challenging the takeover of their banks by the Central Bank of Nigeria and Asset Management Corporation of Nigeria. Following the […]
Tag: Federal High Court
Court quashes SEC report on Okereke-Onyiuke
A Federal High Court sitting in Lagos, weekend, set aside the audit report, which investigated Nigerian Stock Exchange, NSE, under its former Director-General, Professor Ndi Okereke-Onyiuke, prepared at the instance of Securities and Exchange Commission, SEC. It will be recalled that SEC had ordered for an audit report into the […]
Court dismisses suit against cash-less policy
The Federal High Court sitting in Abuja has dismissed a suit instituted against the cash-less policy initiative of the Central Bank of Nigeria. In a suit filed on behalf of eleven Riverine Communities, challenging the policy which restricts cash withdrawals and lodgements to a daily limit, the judge, Honourable Justice […]
