Nospetco Oil News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Court Forecloses Reprieve for Wonder Bank s Investors – THISDAYLIVE
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
Supreme Court affirms N22 45b wonder bank funds in CBN belongs — Features — The Guardian Nigeria News – Nigeria and World News
guardian.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from guardian.ng Daily Mail and Mail on Sunday newspapers.
Justice Muhammed Tanko
The Supreme Court of Nigeria has fixed June 11 for judgment in the case of investors in Nospetco Oil & Gas Ltd, whose N24.4 billion were trapped in the Central Bank of Nigeria, CBN.
The five-man justices of the apex court, presided by Justice Aminat Augie adjourned the case for judgment after lawyers for all parties adopted their various briefs before the court.
The investors’ money were deposited with CBN by the Security and Exchange Commission (SEC) as a result of the placement of an embargo on Nospetco’s operations. x
But the investors had through their counsel, Mr. Debo Adeleke, prayed the apex court to compel the CBN to release their money trapped in its coffer.