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Court strikes out Union Bank’s N22.5b suit against Jimoh Ibrahim, NICCON

Justice Okon Abang of the Federal High Court in Lagos struck out the suit instituted by the Union Bank Plc against Jimoh Ibrahim and four of his companies on the grounds that the suit was grossly incompetent and was an abuse of the judicial process. Justice Abang in ruling on a preliminary objection brought before him businessman and his company held that the suit was incompetent since a similar suit instituted by the plaintiffs against Union Bank is still pending before a Lagos High Court According ...
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Added February 25, 2011
from Nigerian Compass