MOHAMMED BABA IDRIS, J.S.C. (Delivering the Lead Judgment): This is an appeal against the judgment of the Court of Appeal, Lagos Division, delivered on the 29th day of January 2021, Coram: Jimi Olukayode Bada, JCA, Ibrahim Shata Bdliya, JCA and Biobele Abraham Georgewill, JCA, wherein the Court below allowed the 1st Respondents appeal against the judgment of the Investment and Securities Tribunal, delivered on the 17th day of December, 2018 and consequently set aside the said judgment of the Tribunal.
By an originating application dated the 7th day of November, 2017 and filed on the 10th day of November, 2017, the Appellant as the Claimant before the trial Tribunal, commenced this suit against the 1st Defendant, now 1st Respondent. The 1st Defendant denied liability and raised a preliminary objection, contending that the suit was statute-barred under Section 7 of the Limitation Act, the cause of action having arisen in April 2008, while the action was filed in November 2017.
The Claiman…