N250m damages suit: Court begins hearing Feb 16


Justice O.O Olatunji of the Oyo state high court sitting at Ring road, Ibadan on Monday, fixed hearing in a N250m damages suit filed against Guaranty Trust Bank (GTB) Plc for February 16, 2017, after approving the bank’s motion seeking extension of time to file their defense pursuant to Order 44, Rule 4 of the Civil Procedure Rules.

The court gave the date after granting the bank’s request for extension of time and the plaintiff’s request to withdraw its application asking the court to give a default judgment after GTB failed to file its defense within the specified time frame stipulated by law.

The claimants – Kelvin Industries Nigeria Limited and Mr. Bodunde Adeyanju had filed a Writ of Summons before the court, asking for an order directing GTB to write a letter of apology to them for the bank’s misrepresentation about them to the Central Bank of Nigeria that they are…

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