News

The Supreme Court has granted the Nigeria Customs Service Board's application to challenge the February 6, 2014 judgment of the Court of Appeal that affirmed a N2,048,737,443.57 judgment debt in favour of Innoson Nigeria Limited. A five-man panel of the court, in a unanimous ruling, upheld the prayers of Customs - the applicant - canvassed through its counsel Tayo Oyetibo SAN, by a Motion on Notice filed on November 9, 2020. The panel comprised Justices Olukayode Ariwoola, John Inyang Okoro, Helen Moronkeji Ogunwumiju, Abdu Aboki and Tijani Abubakar. Justice Aboki, who read the panel's decision on January 14, 2022, agreed with the lead ruling of Justice Abubakar, that Customs' argument was meritorious. The court held: "Having granted the application therefore, the following orders are hereby made: "1. Leave is hereby granted to the applicant to appeal as an interested party against the judgment of the Court of Appeal, Ibadan Division in appeal number CA/1/258/2011. "II. Time is extended to the applicant to seek for leave to appeal against the judgment of the court of appeal on grounds of mixed law and facts. "III. Leave is hereby granted to the applicant to appeal against the judgment of the court of appeal, Ibadan division, on grounds of mixed law and facts. "IV. Time is extended to the applicant within which to appeal against the judgment of the court of appeal, Ibadan Division in suit No. CA/1/258/2011. "V. Leave is hereby granted to the applicant to raise new points in this appeal. "VI. Leave is hereby granted to the applicant to adduce new evidence. "VII. Applicant shall file its Notice of Appeal within thirty days from today. "Parties shall bear their respective costs." The 1st respondent - GTBank - was represented by Chief Aribisala, SAN, while 2nd respondent - Innoson - was represented by Prof J.N.M. Mbadugha. The appeal, marked SC.816/2020, arose from a May 18, 2010 judgment of the Federal High Court, Ibadan in Suit No: FHC/I/CS/603/2006: (1) Innoson Nigeria Limited V. Nigerian Customs Service Board and (2) Attorney-General of the Federation (AGF) in which the sum of N700,220,000 was awarded against the Defendants and in favour of the Plaintiff Innoson, with interest at the rate of 22% per annum from the date of commencement of the action and 22% per annum until the final liquidation of the judgment debt. On 12th January 2011, Innoson wrote to the AGF, who directed that the entirety of the judgment sum, (which at that time stood at One Billion, Eight Hundred and Eighty One Million, Two Hundred and Nineteen Thousand, Nine Hundred and Eighty One Naira, Seventeen Kobo), be paid Innoson. The Applicant (Customs) paid to Innoson, the sum of N700, 220,000, leaving an outstanding of One Billion, Six Hundred and Twenty Five Million, One Hundred and Nineteen Thousand, Five Hundred and Fourteen Naira, Ninety Seven Kobo. Following an application by Innoson, the Federal High Court Ibadan, on July 29, 2011 made a garnishee order absolute against three Banks, for the sum of N2,048,737,443.57. One of the banks appealed the decision of the Garnishee proceedings to the Court of Appeal, Ibadan. According to the Customs, the bank withdrew its appeal against Customs and the AGF, whereupon their names were struck out of the appeal, and subsequently, no processes were served on Customs by reason of the withdrawal. But the Court of Appeal affirmed the garnishee absolute of the Trial Court and ordered that the sum of N2, 048,737,443.67 be released from the Customs' account in satisfaction of the judgment debt. Customs averred that Innoson failed to inform the Court of Appeal that consequent upon negotiations between it, Innoson and the AGF, Customs remitted N700, 220,000.00 into Innoson's account with MAINSTREET BANK on 28th November, 2011, before the Court of Appeal affirmed the Order of the Trial Court. It said Innoson, on March 27, 2019, caused to be issued out of the Federal High Court, Awka Division, a Writ FiFa, for the full sum of N2, 048,737,443.67 and interest at the rate of 22% per annum from 29th July 2011, (the date of the garnishee order absolute), till date.

News

Innoson Case: Customs gets nod to appeal alleged N2bn judgment debt

The Supreme Court has granted the Nigeria Customs Service Board’s application to challenge the February 6, 2014 judgment of the Court of Appeal ...

By Editor-in-ChiefJanuary 30, 20220

News

SERAP sues Buhari, others over ‘missing N3.1bn in finance ministry’

The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Muhammadu Buhari. The suit is in connection with “his failure ...

By Uchechi OjoJanuary 30, 20220

Alao-Akala’s death great loss to Oyo, Sanwo-Olu mourns

News

Alao-Akala for burial February 18

The remains of the former Governor of Oyo State, Otunba Adebayo Alao-Akala, will be buried on February 18, 2022. Otunba Alao- Akala died ...

By Uchechi OjoJanuary 29, 20220

News

Sylvester Oromoni: Family asks court to adjourn inquest indefinitely

The family of the late Dowen College Student, Sylvester Oromoni (Jnr.), has asked the coroner enquiring into his controversial death to adjourn proceedings ...

By Uchechi OjoJanuary 29, 20220

News

ECOWAS suspends Burkina Faso over coup

The West African bloc ECOWAS on Friday suspended Burkina Faso following a coup, but will not impose other sanctions for the time being, ...

By Uchechi OjoJanuary 28, 20220

Court grants interim forfeiture of N116m in constituency projects scam

News

FG’s deductions from federation account for Police Trust Fund unlawful, court rules

Federal High Court Headquarters, Abuja The Federal High Court in Abuja has barred the Federal Government from deducting funds from the Federation Account ...

By Uchechi OjoJanuary 27, 20220

News

Buhari receives Olu of Warri, pledges fairness for Itsekiri people

President Muhammadu Buhari on Wednesday received His Royal Majesty, Tsola Emiko, Ogiame Atuwatse III, five months after his coronation as the Olu of ...

By Uchechi OjoJanuary 26, 20220

Alleged Sexual Assault: Baba Ijesha challenges credibility of CCTV videos

News

Baba Ijesha to open defence against sexual assault allegation on Feb 17

The Sexual Offences Court sitting in Ikeja, Lagos has fixed February 17 for Nollywood actor, Olanrewaju James, popularly known as Baba Ijesha, to ...

By Uchechi OjoJanuary 26, 20220

EFCC/Judicial Reports

Court issues fresh arrest warrant against Diezani

A Federal High Court in Abuja on Monday, January 24, 2022 issued an arrest warrant against a former Minister of Petroleum Resources Diezani ...

By Uchechi OjoJanuary 25, 20220

News

FG unveils National Policy on 5G

The Federal government on Tuesday launched the National Policy on Fifth Generation Networks (5G) for Nigeria’s Digital Economy. Speaking at the launch presided ...

By Uchechi OjoJanuary 25, 20220

Posts navigation

Recent Posts

Popular

Popular Posts

Popular Posts