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OKEY NWOSU v. FEDERAL REPUBLIC OF NIGERIA & ORS

(2013) JELR 35314 (CA)

Court of Appeal  •  CA/L/601/11  •  21 Nov 2013  •  Nigeria

Coram
SIDI DAUDA BAGE JCA; CHINWE EUGENIA IYIZOBA JCA; SAMUEL CHUKWUDUMEBI OSEJI JCA;

Judgement

SIDI DAUDA BAGE, JCA (Delivering The Leading Judgment): This is an appeal by the Appellant (1st Defendant in the Lower Court), against the decision of Okunnu J, of the High Court of Lagos State delivered on 24th May, 2011. The learned trial judge dismissed the Appellant's Notice of Preliminary Objection challenging the competence of the information preferred against him and the jurisdiction of the trial court to entertain same.

The background fact of the case is as follows:-

2.1 Following the Central Bank of Nigeria's controversial removal of some of the Managing Directors, directors and key officers of certain banks on the alleged grounds of granting unsecured loans, creating false impression of the values of their shares and mismanaging depositors' fund, the Appellant who was the Group Managing Director of the Finbank Plc group was charged and arraigned before the Federal High Court pursuant to the Appellant s application granted bail to the Appellant and proceeded to try the Appell…

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