Court Strikes Out N1.2bn ‘Debt’ Suit Against cenbank, Four Banks | Sahara Reporters The family, represented by 11 members on February 25, 2020, approached the court, claiming that the sum was debt due and owed to them by the... READ MORE:
A federal high court in Lagos has struck out a suit by the Muhammad Shitta-Bey family of Lagos seeking to recover a N1,275,351,167bn judgment debt from Great Nigeria Insurance Plc, the Central Bank of Nigeria and four other banks.
Justice Oluremi Oguntoyinbo on Wednesday, April 30, found no evidence that judgment debtor/applicant Great Nigeria Insurance and the five other garnishees owed the Shitta-Bey family the sum as judgment debt. The court directed the banks to show cause why the order should not be made absolute against them.
They contended that the family concealed and/or misrepresented material facts in securing the garnishee order and that it applied for the order while also enforcing the same judgment at the High Court of Lagos State. “What is mentioned therein is that the Judgment Creditors shall be entitled to 40% / 45% of the Gross Annual Income derived by the Judgment Debtor/Applicant from the demised property less some charges.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Court strikes out N1.2b 'debt' suit against CBN, four banksA Federal High Court in Lagos has struck out a suit by the Muhammad Shitta-Bey family of Lagos seeking to recover a N1,275,351,167 billion judgment...
Read more »
Lockdown: Mobile court officials nabbed for extorting motorists
Read more »
Court remands cop who allegedly shot dead Rivers policewoman
Read more »
Fate of Borno PDP factions hang on S/Court ruling – Daily TrustThe conflict arising from the leadership tussle in the Peoples Democratic Party (PDP) in Borno State has incapacitated it to near non-existence in the state’s political scene. The party has, since 2017, been sharply split into two factions – one led by Usman Mahdi Badeiri, and the other by Zanna Gaddama – each tugging hard …
Read more »
Mortuary Operator, Attendant Arraigned In Ondo Court Over Missing Corpse | Sahara ReportersMortuary Operator, Attendant Arraigned In Ondo Court Over Missing Corpse | Sahara Reporters Both men were arraigned in court on three counts including conspiracy to commit misdemeanor. READ MORE:
Read more »
Alleged Pension Fraud: Court dismisses Maina's bail variation applicationFederal High Court in Abuja, dismissed the application for bail variation filed by the former chairman of the PRTT, Abdulrasheed Maina, for lacking merit.
Read more »