GT Bank Appeals Judgment On N5.3b Illegally Withdrawn | Independent Newspapers Limited
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GT Bank Appeals Judgment On N5.3b Illegally Withdrawn

Posted: May 26, 2015 at 2:22 am   /   by   /   comments (0)

By Akinwunmi King / Lagos


The management of Guarantee Trust Bank (GTB) has filed an appeal against the judgment of Justice Valentine Ashi of the Federal High Court, Abuja, ordering  the bank to pay the sum of N5.3 billion to an Abuja-based lawyer, Ted Edwards.

In the notice of appeal filed on it’s behalf by its counsel, Chief Anthony Idigbe (SAN), before the Abuja division of the Appeal Court, the bank, asked the court to set aside the judgment of the lower court made on Monday May 18, 2015.

GTB is also praying for an order remitting the matter with suit no, FCT /HC/CV/939/15 to the Chief Judge of the Federal Capital Territory for transfer to another judge of the FCT, Abuja for retrial.

It will be recalled that Justice Ashi, had in a judgment in a suit filed by Dr Ted Isegholi Edwards against the Central Bank of Nigeria (CBN), and some others, ordered GT Bank to pay the plaintiff, Dr Edwards, the sum of N5,240,516,186.21, for debiting the Plaintiff’s account without his consent.

Others affected by the order are: Jonah Otunla, the Accountant General of the Federation, Ambassador Bashir Yaguda, Minister of State for Finance, GT Bank, Anaocha Local council in Anambra State and   Incorporated Trustees of Association of Local Government of Nigeria (ALGON).