judy.legal
Login Register

NIGERIA DEPOSIT INSURANCE CORPORATION v. ATTORNEY-GENERAL NASARAWA STATE & ORS

(2007) JELR 33377 (CA)

Court of Appeal  •  CA/A/167/M/04  •  6 Feb 2007  •  Nigeria

Coram
MARY U. PETER-ODILI JCA; BODE RHODES-VIVOUR JCA; OYESISI FOLAYEMI OMOLEYE JCA;

Judgement

OYEBISI F. OMOLEYE, J.C.A (Delivering the Leading Judgment): This is an appeal against the Ruling of Hon. Justice S. J. Adah of the Federal High Court sitting in Abuja delivered on 7/10/2004.

The facts which led to the proceedings in the trial court are as follows:

On 16/01/1998, the Central Bank of Nigeria revoked the banking licence of Commerce Bank Plc. and appointed the Appellant, Nigeria Deposit Insurance Corporation, NDIC the Official Receiver/Provisional Liquidator. The appointment was affirmed by the Federal High Court per Sanyaolu J. on 03/04/1998. In the course of its duty as Liquidator, the Appellant discovered that the Bank in liquidation has a property, an expanse of land at Mararaba Guruku, Nasarawa State on which some people had trespassed. On 17/12/2003, the Appellant sought and obtained the leave of the trial court to sue as liquidator. Pursuant to the leave of court, the Appellant took out a Writ of Summons against the Respondents, The Respondents entered a conditio…

There's more. Sign in to continue reading

JUDY is the comprehensive database of case law and legislation from Ghana, Kenya and Nigeria. Gain seamless access to over 20,000 cases, recent judgments, statutes, and rules of court.


Get started   Login