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Supreme Court fixes judgment for Nospetco Oil investors' case | The Guardian Nigeria News - Nigeria and World NewsFeatures — The Guardian Nigeria News – Nigeria and World News

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.
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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. ....

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UPDATE 2-Nigerian judge sends Oando's case against regulator to specialist tribunal

UPDATE 2-Nigerian judge sends Oando's case against regulator to specialist tribunal
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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Oando and SEC in legal deadlock: Oando appeals court ruling

Vanguard News
Oando and SEC in legal deadlock: Oando appeals court ruling
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On Thursday, February 25, 2021, in a ruling presided over by Justice Giwa Ogunbanjo at the Federal High Court, Abuja, the judge declined jurisdiction to hear suits brought by Oando PLC and its directors against the Securities and Exchange Commission (SEC). The judge stated that the Investment and Securities Tribunal (IST) would be the appropriate forum to hear the matter.
The basis for the Court’s decision is Section 36(2) of the Constitution which allows aggrieved individuals to first approach any tribunal or administrative agency to determine civil rights and obligations as long as that process and the resulting decision is not final. The Court also reiterated that the IST has primary jurisdiction over Oando and its directors in respect of capital market issues and not the Federal High Court. ....

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Deadlock in SEC case as Oando appeals court ruling

Daily Post Nigeria
Published
On Thursday, February 25, 2021 in a ruling presided over by Justice Giwa Ogunbanjo at the Federal High Court, Abuja, the judge declined jurisdiction to hear suits brought by Oando PLC and its directors against the Securities and Exchange Commission (SEC). The judge stated that the Investment and Securities Tribunal (IST) would be the appropriate forum to hear the matter.
The basis for the Court’s decision is Section 36(2) of the Constitution which allows aggrieved individuals to first approach any tribunal or administrative agency to determine civil rights and obligations as long as that process and the resulting decision is not final. The Court also reiterated that the IST has primary jurisdiction over Oando and its directors in respect of capital market issues and not the Federal High Court. ....

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Deadlock in SEC case as Oando appeals court ruling

Deadlock in SEC case as Oando appeals court ruling
today.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from today.ng Daily Mail and Mail on Sunday newspapers.

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