Nigeria deposit insurance corporation as statutory receiver

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  Court

  Court of Appeal (Ilorin Division)

  Judgment date

  26 February 2013

  Summary of the Court of Appeal ruling on the joinder of Nigeria Deposit Insurance Corporation and Central Bank of Nigeria as co-respondents in the case.

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  13

  • Judicial discretion→
  • appeal allowed in part→
  • banks and other financial institutions act 2004, section 12→
  • court of appeal act 2004, section 15→
  • joinder of necessary party→
  • joinder of parties on appeal→
  • judgment binding a non-party→
  • liquidation of failed bank→