RULING
What appeared as a routine application for an amendment of an Entry of Judgment was fiercely resisted by the Securities and Exchange Commission (SEC) acting as Amicus Curiae. The Plaintiff Applicant on the 18th February, 2025 filed a Motion on Notice to Amend an Entry of Judgment dated 12th August, 2018. In the Affidavit in support of the Motion, the Plaintiff deposed that upon obtaining Judgment against the Defendants, 1st Defendant collapsed and was taken over by Price Water House Coopers and the Securities and Exchange Commission.
In further depositions, the Plaintiff alleged that the two institutions had refused to pay what was due him and the debt had accumulated, the reason for his prayer to amend the Entry of Judgment to reflect its true state.
The Securities and Exchange Commission applied to be allowed to act as Amicus Curiae as the Regulator of the securities Industry.
It submitted that as a result of its special standing, it was privy to exclusive information and docu…