Monday, December 15, 2025

 

Alleged N13bn Debt Suit: Recuse Yourself From Our Matter , GTCO Tells Judge

Must Read

Supreme Court Rules in Favour of Fidelity Bank in Sagecom Case

A five-member panel of the Supreme Court, led by Justice Lawal Garba, last Friday ruled in favor of Fidelity...

Court Sets Aside Order Granting AMCON Power To  Enforce Receivership Over General Hydrocarbons

  The Lagos division of the Federal High Court has set aside an order for the Asset Management Corporation of Nigeria (AMCON)...

Why Gov. Abiodun Is Prioritising Youth-Led Security Strategies — Akinmade

  The Ogun State Government has continued to take deliberate and measurable steps that place youth empowerment at the centre...

 

One of the major commercial banks in the country , Guaranty Trust Holding Company has asked Justice Abimbola Awogboro of the Federal High Court sitting in Lagos to recuse herself from an alleged N13billion debt suit.

Restating the loss of faith in the judge to try the matter , the bank through its lawyer, Mr Temilolu Adamolekun prayed that the case file be returned to the administrative judge for re-assignment to another judge.

The suit, marked FHC/L/CS/2147/19 was filed by the plaintiffs/applicants Guaranty Trust Bank Plc and Gbenga Akinde-Peters Receiver/Manager of Stallion Nigeria Limited (In Receivership) and five other firms, THP Limited, The Honda Place Limited, Connoiseur Investment Limited, Premium Seafoods Limited and Onward Fisheries Nigeria Limited are the defendants/respondents, while KPMG Advisory Services (KPMG) is also a respondent.

GTCO through it’s counsel, Adamolekun, instituted the suit against T.H.P Limited and the four others in 2019 over the alleged N13 billion debt owed by Stallion Nigeria Limited.

The application prayed the judge to hands off the matter at the resumption of hearing on Wednesday, July 20.

The prayers, as contained in his motion on notice, are “An order that Honorable Justice Awogboro do recuse/disqualify himself from further adjudicating over this matter, the Applicant having lost confidence on the impartiality of His Lordship to determine this case.

“A consequential order that the case file relating to this matter be returned to the Administrative Judge of the Federal High Court, Lagos Division for reassignment to another Judge of the court for continuation of the matter.”

The grounds upon which the application was brought are that on July 20, 2022 the matter came up for Hearing of pending Applications.

The counsel to the Plaintiffs informed the court of the pendency of an Application for Stay of proceedings filed by the Plaintiffs and the need for the said application to be heard before any other application filed by any other party in the matter, and that the decision of the lower court on all processes filed before the court would eventually abide the decision of the Court of Appeal.

“The Court attempted to take the Defendant’s application dated 29 June, 2022, but counsel to the Plaintiffs pointed out to the court that it would amount to refusing the application for Stay of Proceedings even without hearing same.

“Counsel to the Defendants then urged the court to make an Interim Order suspending payment without determining their Application of 29 June, 2022, an oral Application which was in the nature of the same Application dated 29 June, 2022.

“In reaction, Counsel to the Plaintiffs then told the judge that the court being a court of record, it had no jurisdiction to grant such prayer without a formal application, where the Plaintiffs already joined issues on the defendants’ application and in view of the application for Stay of Proceedings.

His Lordship then advised the defendants to file an Ex -parte application even when parties have joined issues before the court.

“His Lordship also told the defendants in open court, to file the application before Friday, 22 July, 2022, so that he could hear the Application before vacation without the presence or representation of the Plaintiffs.

“The Plaintiffs have lost confidence in the court and are of the belief that they cannot get justice before Honourable Justice Awogboro, if His Lordship could openly tell the Defendants to file an Ex parte Application in a matter where parties are already before the court and have joined issues.”

2019

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -
Latest News

Supreme Court Rules in Favour of Fidelity Bank in Sagecom Case

A five-member panel of the Supreme Court, led by Justice Lawal Garba, last Friday ruled in favor of Fidelity...

Court Sets Aside Order Granting AMCON Power To  Enforce Receivership Over General Hydrocarbons

  The Lagos division of the Federal High Court has set aside an order for the Asset Management Corporation of Nigeria (AMCON) to enforce receivership over oil...

Why Gov. Abiodun Is Prioritising Youth-Led Security Strategies — Akinmade

  The Ogun State Government has continued to take deliberate and measurable steps that place youth empowerment at the centre of its approach to community...

Lagos Based Businessman  Pleaded  Guilty For Exporting 4.49 kg Cocaine,11.50kg Marijuana,  Sentenced  To 5 Years Imprisonment.

Justice Chukwujekwu  Aneke  of the Federal High Court ,Lagos on Friday  convicted and sentence a businessman,  Ezeh  Alexander  Uche to five years imprisonment  for...

Court Restrains Police From Harassing Businessman Over N5m  Indebtedness 

A Federal High Court sitting in Lagos presided over by Justice Ibrahim Kala has granted an order restraining the Police and it's agents from...
- Advertisement -

More Articles Like This

- Advertisement -