KEKERE-EKUN JCA (Delivering the Lead Judgment): This is an A appeal against the ruling of the Federal High Court, Kano delivered on 14/11/02 upholding the preliminary objection of the respondent herein (who was also the respondent at the court below) to an application filed by the appellants (who were the applicants) for orders relating to the 1st appellant’s alleged appointment as receiver/manager of the respondent on the ground that the appellants had no locus standi to bring the application. By a motion on notice dated 24/4/02, the appellants sought the following orders from the trial court:
“An order directing that Ibrahim Umar Esq., being duly appointed receiver/manager of the respondent White Gold
Ginnery Nig. Ltd (“the Company”) has the right and duty to take immediate possession of the affairs and assets of the respondent, the subject of the Mortgage Debenture Deeds entered into between the defendant and Guaranty Trust Bank Plc, the 2nd applicant (“the Bank”).
An order direct…