MOHAMMED BABA IDRIS, J.S.C. (Delivering the Leading Judgment): This is a cross-appeal against part of the judgment of the Court of Appeal, Lagos Division, delivered on the 29th day of January 2021, in Appeal No. CA/L/98/2019 Coram: Jimi Olukayode Bada JCA, Ibrahim Shata Bdliya JCA and Biobele Abraham Georgewill JCA, wherein the Court below allowed in part the appeal filed by the Cross-Appellant against the decision of the Investment and Securities Tribunal delivered on the 17th day of December, 2018 and set aside the decision of the Tribunal by striking out the suit of the 1st Cross- Respondent.
By an Originating Application dated the 7th day of November, 2017 and filed on the 10th day of November, 2017, the Claimant, now 1st Cross-Respondent before this Court, commenced this suit against the 1st Defendant, now Cross- Appellant in this Court. The 1st Defendant denied liability and raised a preliminary objection, contending that the suit was statute-barred under Section 7 of the Limitat…