The Supreme Courtroom of Nigeria has upheld the attraction filed by Nestoil and Neconde towards a Courtroom of Enchantment resolution that disqualified their authorized representatives, Chief Wole Olanipekun (SAN) and Muiz Banire (SAN).
In its ruling, the apex courtroom held that for the reason that receivership itself is being challenged, the Board of Administrators retains the authority to nominate authorized counsel in relation to that problem.
The courtroom additional dominated that permitting counsel appointed by the Receiver/Supervisor to signify the businesses would create a authorized anomaly and lift severe battle of curiosity issues.
Based on the judgement, the involvement of FBNQuest Service provider {Bank} and First Trusteesâas appointors of the Receiver/Supervisorâwhereas the Receiverâs counsel additionally sought to signify the businesses, was essentially flawed.
The courtroom held that such an association undermines the rules of equity and independence in authorized illustration.
The judgement was delivered by Justice Idris.
Particulars laterâŚ.
Times Nigeria