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NEWS UPDATE: Appeal Court dismisses APGA’S N500m suit against Fidelity Bank

NEWS UPDATE: Appeal Court dismisses APGA’S N500m suit against Fidelity Bank

The Court of Appeal in Abuja on Friday evening maintained the excusal of a N500M suit founded against Fidelity Bank Plc by an ideological group, All Progressives Grand Alliance, APGA.

The Court attacked APGA for initiating different legal disputes the nation over as against the arrangements of the law.

Upholding the judgment of a High Court of the Federal Capital Territory FCT, which excused APGA’S suit, Justice Mohammed Lawal Abubakar held that APGA’S bid recorded against the lower court was unmeritorious and baseless.

Justice Abubakar held that it wasn’t right of the APGA to go back and forth simultaneously since doing as such abuses the arrangements of the law.

APGA had asked the Abuja high court to grant an incredible amount of N500M against Fidelity Bank for unlawfully freezing its record number 4010278117.

The party among others guaranteed that the activity of the bank caused It genuine humiliation through the by and large break of bank and client relationship.

But the high court in its judgment maintained the safeguard of the bank that the freezing of the record depended on a substantial request of a Delta State high court got by similar party during its inside authority tussle and served on it.

While excusing APGA’S suit, the FCT court held that the freezing request on the record must be lifted through the saving of the prior request and not through a simple letter as done by the party.

Delivering judgment in the allure documented against the Abuja High Court choice, Justice Abubakar held that the bank acted in accordance with arrangements of the law.

In a consistent judgment, the 3-man board of the Justices held that APGA should get the previous request of the Delta high court put away before it can get to the record and not through a simple letter.

Justice Abubakar said that APGA’s allure was useless, unmeritorious and that the party was not qualified for the N500M pay requested from the bank.

The Appeal Court continued to excuse the appeal.

The Appeal Court board involved Justices Stephen Addah, Olasunmbo Goodluck and Mohammed Lawal Abubakar.





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