UGOCHUKWU ANTHONY OGAKWU, JCA (Delivering the Leading Judgment): This appeal was spawned by actions taken by the Central Bank of Nigeria, the 1st Respondent herein, with respect to the management of the affairs of Finbank Plc, the 3rd Respondent herein. The Appellants who are shareholders of the 3rd Respondent instituted proceedings at the Federal High Court, Lagos Division, for judicial review of the actions of the 1st Respondent and for an order of certiorari to lie to quash the said actions. Upon applying for leave to bring the application for judicial review, the lower Court, suo motu, raised the issue of whether the application was statute barred. In its Ruling granting leave for the application to be brought, the lower Court held that the action was not statute barred because the cause of action arose on 14th August 2009, therefore the application for leave to apply for judicial review which was filed on 11th November 2009 was filed within three months of the accrual of the caus…
ISMAILA & ORS
V.
CBN & ORS
(2017) JELR 37407 (CA)
Court of Appeal 24 Nov 2017 Nigeria
BriefBot Summary
- This case involves an appeal against the actions of the Central Bank of Nigeria in managing the affairs of Finbank Plc. - The appellants, who are shareholders of Finbank, filed a judicial review application at the Federal High Court to ch
Case Details
Suit Number:CA/L/913/2010
Judges:MOHAMMED LAWAL GARBA Justice of The Court of Appeal of Nigeria
YARGATA BYENCHIT NIMPAR Justice of The Court of Appeal of Nigeria
UGOCHUKWU ANTHONY OGAKWU Justice of The Court of Appeal of Nigeria
Counsel:Gabriel Onojason, Esq. with him, Mrs. H. Ibeawuchi For Appellant
Aanu Ogunro, Esq. with him, Taiye Ajayi, Esq. for 1st Respondent/Cross Appellant.Olabisi Makanjuola, Esq. with him, Simil'Oluwa Somuyiwa, Esq. for the 2nd & 3rd Respondents/6th & 7th Cross Respondents For Respondent
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