Court of Appeal Reverses 13 Billion USD Award Against the NDIC

On 16th April 2021, the Court of Appeal, Lagos Division reversed the decision of the Federal High Court and its USD13 BILLION award against the Nigeria Deposit Insurance Corporation (NDIC) in Appeal No. CA/210/2015. The 1st Respondent – Visana Nigeria Limited – had sued the NDIC as liquidator of Continental Merchant Bank (CMB), to enforce […]

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