Recovery of failed-bank debts

Related decisions

• GABISAL NIGERIA LTD V. N.D.I.C. (2008)→

  Court

  Court of Appeal (Lagos Division)

  Judgment date

  4 July 2008

  Analysis of the case Gabisal Nigeria Ltd v. NDIC discussing jurisdictional matters regarding banking law in Nigeria and the implications of concurrent court jur

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  10

  • Federal High Court jurisdiction→
  • banker-customer transactions→
  • companies and allied matters act 1990, section 425(1)(a)→
  • concurrent jurisdiction of federal high court and state high court→
  • constitution of nigeria 1999, section 251(1)(d) proviso→
  • constitution of nigeria 1999, section 272(1)→
  • locus standi of liquidator→
  • nigeria deposit insurance corporation as liquidator→

• YELE OGUNDIPE V. NIGERIA DEPOSIT INSURANCE CORPORATION (2008)→

  Court

  Court of Appeal (Lagos Division)

  Judgment date

  5 June 2008

  A summary of the appellate decision on the case of Yele Ogundipe against Nigeria Deposit Insurance Corporation, addressing crucial legal issues and implications

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  13

  • Cause of action→
  • Interlocutory appeal→
  • Jurisdiction→
  • Reasonable cause of action→
  • Statute-barred action→
  • dismissal at interlocutory stage→
  • equitable mortgage→
  • failed banks (recovery of debts) and financial malpractices in banks act 1994→