Recovery of debts owed to failed banks

Related decisions

• N.D.I.C. (C. M. B. LTD) V. THOR LTD (2016)→

  Court

  Court of Appeal (Lagos Division)

  Judgment date

  21 December 2016

  A comprehensive summary of N.D.I.C. v. Thor Ltd case, addressing key legal issues regarding competency of originating processes in debt recovery actions.

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  13

  • Federal High Court jurisdiction→
  • Incompetent originating process→
  • appeal allowed→
  • failed banks (recovery of debts) and financial malpractices in banks decree no. 18 of 1994→
  • failed banks (recovery of debts) and other financial malpractices in banks act, 2004→
  • form a statutory procedure→
  • legal practitioners act, 1975 sections 22 and 24→
  • nigeria deposit insurance corporation statutory powers→

• STANDARD PRINTING & PUBLISHING CO. LTD. VS. N.A.B LTD. (2003)→

  Court

  Court of Appeal (Kaduna Division)

  Judgment date

  13 January 2003

  This case summary details the court's decision in Standard Printing & Publishing Co. Ltd. vs. N.A.B Ltd. concerning jurisdiction, receivership, and procedural,

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  16

  • Abandoned grounds of appeal→
  • Consent judgment→
  • Locus standi→
  • Miscarriage of justice→
  • Receivership→
  • Setting aside judgment→
  • companies and allied matters act, section 393→
  • company assets under receivership→