CASE TITLE: CBN v. IKPILA & ANOR (2024) LPELR-61618(CA)
JUDGMENT DATE: 9TH FEBRUARY, 2024
PRACTICE AREA: PRACTICE AND PROCEDURE (Garnishee Proceeding)
LEAD JUDGMENT: ITA GEORGE MBABA, J.C.A.
SUMMARY OF JUDGMENT:
INTRODUCTION:
This appeal borders on Garnishee Proceedings.
FACTS:
This appeal is against the decision of the Federal High Court, Jalingo, in Suit No. FHC/TAR/CS/4/2014, delivered on February 24, 2016.
At the trial, the counsel for the judgment creditors had urged the Court to make the Order and the 1st Garnishee was not opposing.
On November 18, 2015, the judgment creditors/Applicants took out the suit against the Inspector General of Police and 3 others as judgment debtors, and the Central Bank of Nigeria (CBN) and 5 others (namely First Bank PLC, Zenith Bank PLC, UBA PLC, Fidelity Bank PLC, and Diamond Bank PLC) as Garnishees, seeking:
The Order Nisi was made by the Court on November 23, 2015. The trial Court then entered Garnishee Order Absolute against the 1st Garnishee (CBN) in the sum of N16,600.000 (Sixteen Million, Six Hundred Thousand Naira) and awarded a cost of N200,000 (Two Hundred Thousand Naira) only against it. The 2nd and 4th Garnishees (1st Bank of Nigeria and United Bank for Africa) were discharged.
Dissatisfied, the Appellant appealed.
The Respondents filed a Notice of Preliminary Objection praying that the appeal be dismissed for abuse of the Court process and that the Court lacks jurisdiction to entertain or continue to adjudicate over it.
ISSUE(S) FOR DETERMINATION:
The Court considered the merits of the preliminary objection.
The substantive appeal was also considered on the following issues:
DECISION/HELD:
In the final analysis, the Preliminary Objection was upheld, and the appeal was accordingly struck out. The Court also found the substantive appeal unmeritorious, and the same was dismissed.
RATIOS:
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