AKINNIRANYE
V.
STANBIC IBTC & ORS

(2014) JELR 40226 (CA)    

Court of Appeal  ·  CA/L/961/2011 ·  5 Feb 2014 ·  Nigeria
CORAM
JOSEPH SHAGBAOR IKYEGH Justice of The Court of Appeal of Nigeria RITA NOSAKHARE PEMU Justice of The Court of Appeal of Nigeria CHINWE EUGENIA IYIZOBA Justice of The Court of Appeal of Nigeria
Core Terms Beta
appellant
claimant
1st respondent
learned trial judge
exhibit g
lower court
bank draft
notice of appeal
superior officers
negligence of the claimant
account of tessijane international ltd
date of judgment
lead judgment
operations manager
statement of claim
tessijane international ltd
1st respondents
account of their customer
action of the defendants
allegations of the appellant
appellant good reasons
appellants arguments
case of danusa vs uba plc
case of maja vs stocco
cases of olaniyan vs. university of lagos
chartered bank plc
chinwe eugenia iyizoba
different positions
eugenia iyizoba
exhibit df7
gross negligence cases
high court of lagos state
leading judgment
observations of the learned trial judge
position of operations manager of the 1st respondent
preponderance of evidence
stanbic ibtc bank plc
sum of n250,950
trial conference
trial judge
urgent business of her employers
various departments
wrongful termination of the employment of the claimant

CHINWE EUGENIA IYIZOBA, J.C.A. (Delivering the Leading Judgment): The Appellant herein who was the Claimant in the lower court was employed by Chartered Bank Plc (now known as Stanbic Ibtc Bank Plc) in January 1992 as a Supervisor. She worked in various departments and held different positions and eventually rose to the position of Operations Manager of the 1st Respondent at its Head Office Branch.

On the 17th day of July, 2003, the Appellant issued a Bank draft (Exhibit DF7) in the sum of N250,950 000.00 (Two Hundred and Fifty Million, Nine Hundred and Fifty Thousand Naira) in favour of Messrs Sahara Energy Limited, which threw the account of their customer, Tessijane International Ltd into a debit balance. The Appellant's authorization limit as Operations Manager was N100, 000,000.00 only according to the 1st Respondent's Operations Manual (Exhibit G). Further, it was alleged that she debited the account of Tessijane International Ltd when all the conditions precedents for the draw …

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