Nigerian Central Bank Appeals Court Ruling Nullifying Union Bank Takeover
The Central Bank of Nigeria (CBN) has appealed a Federal High Court judgment that nullified its takeover of Union Bank of Nigeria Plc, arguing the lower court erred in law by holding it acted outside its statutory powers.
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CBN appeals against judgement nullifying Union Bank takeover
CBN argued that the lower court erred in law by holding that it acted outside its statutory powers when it dissolved the board of Union Bank. The post CBN appeals against judgement nullifying Union Bank takeover appeared first on Premium Times Nigeria.
By Emmanuel Agbo
Read full article →CBN assembles SANs, appeals court ruling on Union Bank takeover
The Central Bank of Nigeria, CBN, has constituted a high-powered legal team of Senior Advocates of Nigeria, SANs, to challenge the judgment of the Federal High Court in Lagos which nullified its takeover of Union Bank of Nigeria Plc and ordered the reinstatement of the bank’s former board. The post CBN assembles SANs, appeals court ruling on Union Bank takeover appeared first on Vanguard News.
By Nwafor
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