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ADMINISTRATIVE PROCEEDINGS COMMITTEE OF SECURITIES & EXCHANGE COMMISSION & ANOR

(2013) JELR 35815 (CA)

Court of Appeal 11 Jun 2013 Nigeria
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Case Details

Suit Number:CA/L/991/2008
Judges:AMINA ADAMU AUGIE Justice of The Court of Appeal of Nigeria CHIMA CENTUS NWEZE Justice of The Court of Appeal of Nigeria CHINWE EUGENIA IYIZOBA Justice of The Court of Appeal of Nigeria
Counsel:C. A. Candide-Johnson, Esq., S.A.N. with R. Oshodi Esq., and F. O. Abass Esq. For Appellant Respondents not represented. For Respondent

CHINWE EUGENIA IYIZOBA, J.C.A.(Delivering the Leading Judgment): This appeal is against the judgment of Abdullahi Mustapha CJ of the Federal High Court Lagos Division in suit No. FHC/LOS/CS/418/2008 delivered on 26/9/08 dismissing the Appellant's application for review of the decision of the 1st Respondent, a Committee of the 2nd Respondent, which decision was communicated to the Appellant by a letter dated 8/4/08. In the judgment, the learned Chief Judge refused the prayers for injunction, certiorari and prohibition sought by the Appellant in respect of the said decision of the 1st Respondent.

The Appellant herein is the former Managing Director of Cadbury Nigeria Plc, a company listed in the Nigerian Stock Exchange. The 2nd Respondent is a Federal Government Agency established by the Investment and Securities Act (ISA) 1999 now repealed and replaced by the 2007 Act as the apex regulatory authority for the Nigerian capital market as well as regulation of the market to ensure the prot…

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