Glamtush
No Result
View All Result
  • Home
  • News
    • Education
    • Health
    • Metro/Crime
    • Nigeria News
    • Photo News
    • World News
  • Politics
  • Business & Brands
  • Entertainment
    • Celebrities
    • Movies
    • Music
    • Telemundo
    • Telenovelas
  • Sports
  • Fashion
    • Accessories
    • Celeb Style
    • Designers
    • Lookbook
    • Style Crush
    • Trends
    • Who Wore It Better
  • Features
    • Dear Angie
    • Interviews
    • Opinions
  • Beauty
    • Hair
    • Skin
    • Nails
  • Lifestyle
    • Career
    • Food & Drinks
    • Fitness
    • Travels
    • Weddings
  • Events
  • Relationship
  • Home
  • News
    • Education
    • Health
    • Metro/Crime
    • Nigeria News
    • Photo News
    • World News
  • Politics
  • Business & Brands
  • Entertainment
    • Celebrities
    • Movies
    • Music
    • Telemundo
    • Telenovelas
  • Sports
  • Fashion
    • Accessories
    • Celeb Style
    • Designers
    • Lookbook
    • Style Crush
    • Trends
    • Who Wore It Better
  • Features
    • Dear Angie
    • Interviews
    • Opinions
  • Beauty
    • Hair
    • Skin
    • Nails
  • Lifestyle
    • Career
    • Food & Drinks
    • Fitness
    • Travels
    • Weddings
  • Events
  • Relationship
No Result
View All Result
Glamtush
No Result
View All Result
Home News

Appeal Court Upturn Lower Court Judgement Against Zenith Bank, Slam Fine On Real Integrated & Hospitality Limited

byGLAMTUSH
November 26, 2022
in News, Nigeria News
Zenith Bank
Share on FacebookShare on TwitterShare on PinterestShare on WhatsappShare on LinkedinShare on Telegram

An appeal court has upturned the lower court judgement against Zenith Bank and slammed fine on Real Integrated & Hospitality Limited.

 

Glamtush reports that after several months of a legal tussle between Zenith Bank Plc v Real Integrated & Hospitality Limited and State Universal Basic Education Board (SUBEB) Gombe State, a three-man panel in the Court of Appeal sitting in Lagos led by Justice Muhammed Sirajo in Appeal No: CA/LAG/CV/262/2022 – have unanimously upturned the Lagos State High Court judgment of Justice O. O. Abike-Fadipe.

READ ALSO

“Our Client Wanted To Say Pupsy” – Imo Poly Graduating Student’s Lawyer Pleads Case With School Mgt

Nnamdi Kanu’s Deteriorating Health True – IPOB Fires Back At DSS

 

This online platform understands that it was unanimously upturned over claims that on March 8, 2022, there was a breach of contract because on October 7, 2011, Zenith Bank refused Real Integrated to withdraw from its Account No. 1012465427.

 

In her judgment, she directed Zenith bank to pay an interest of 15 per cent per annum on the N872,780,522.84 from May 17, 2011, when the advanced payment guarantees expired till judgment and thereafter at the rate of 10 per cent per annum until final liquidation.

 

 Through Zenith Bank’s team of counsel led by Prof. Fabian Ajogwu, SAN and Mr Sylva Ogwemoh, SAN, the bank challenged Justice O. O. Abike-Fadipe’s decision of awarding N2,500,000 as the cost of the action in favour of Real Integrated. The legal team via valid argument backed by proofs argued and sought an order setting aside the lower court decision on the ground that it acted in full compliance with its contractual obligations in line with the Advanced Payment Guarantee (APG) contract and that the trial court was wrong.

READ ALSO  Ex-President Jonathan Briefs Buhari On Mali Crisis, Calls For Dialogue

 

The Court of Appeal, in a unanimous decision on November 23, agreed with the bank’s submission and resolved all the issues raised in its favour. It was gathered that; the 1st Respondent, through its counsel, E.O Jakpa, argued that the bank breached the contract while SUBEB Gombe State did not contest the Appeal.

 

Apart from the appellate court setting aside the judgment of Justice Abike-Fadipe, the judge also awarded a cost of N200,000 against Real Integrated & Hospitality Limited and in favour of Zenith Bank. The appeal court further stated that the lower court judgment was upturned on the ground that the trial court was wrong to have presumed that the bank withheld the full account statement of Real Integrated in the light of Exhibit C6 (the comprehensive Statement of Account of Real Integrated), which was tendered by the bank for a limited purpose, adding that there was no need for the lower court to have invoked Section 167 (d) of the Evidence Act, 2011 against the bank.

 

 

Related

Related Posts

Graduating Student
Education

“Our Client Wanted To Say Pupsy” – Imo Poly Graduating Student’s Lawyer Pleads Case With School Mgt

January 31, 2023
Nnamdi Kanu’s Deteriorating Health
News

Nnamdi Kanu’s Deteriorating Health True – IPOB Fires Back At DSS

January 31, 2023
Nuhu Sanusi Is Dead
News

BREAKING: Emir Of Dutse Nuhu Sanusi Is Dead

January 31, 2023
Tinubu
News

Emilokan Has Spiritual Meaning, Don’t Take Tinubu For A Joke – Primate Ayodele

January 31, 2023
Naira Swap
Metro/Crime

Gunmen Rob, Shoot PoS Operator, Three Others Over Naira Swap In Bauchi

January 31, 2023
Naira Redesign
News

Naira Redesign: Lagos Assembly Commends NASS

January 31, 2023
Next Post
Genevieve Nnaji

Genevieve Nnaji Makes First Public Appearance In Months

E-Magazine Covers

GTCO Fashion Weekend
Lace Styles
Dollar To Naira Exchange Rate

Black Market Dollar To Naira Exchange Rate Today 1st February 2023

February 1, 2023
Happy New Month Prayers

250+ Powerful Happy New Month Prayers For February 2023

February 1, 2023
Happy New Month

200 Happy New Month Wishes, Messages, Prayers And Images For February 2023

February 1, 2023
Graduating Student

“Our Client Wanted To Say Pupsy” – Imo Poly Graduating Student’s Lawyer Pleads Case With School Mgt

January 31, 2023
Nnamdi Kanu’s Deteriorating Health

Nnamdi Kanu’s Deteriorating Health True – IPOB Fires Back At DSS

January 31, 2023
Nuhu Sanusi Is Dead

BREAKING: Emir Of Dutse Nuhu Sanusi Is Dead

January 31, 2023
Tinubu

Emilokan Has Spiritual Meaning, Don’t Take Tinubu For A Joke – Primate Ayodele

January 31, 2023
Naira Swap

Gunmen Rob, Shoot PoS Operator, Three Others Over Naira Swap In Bauchi

January 31, 2023
Naira Redesign

Naira Redesign: Lagos Assembly Commends NASS

January 31, 2023
Startups Accelerator For Women Founders In Africa

Google Launches First Dedicated Startups Accelerator For Women Founders In Africa

January 31, 2023

Glamtush is a fashion, beauty and lifestyle online magazine. We bring to you latest trends in fashion, beauty and lifestyle as well as those making the fashion world interesting and adorable.

  • About Us
  • Advertise
  • Terms And Conditions
  • Write for Us

© 2022 Glamtush

No Result
View All Result
  • Home
  • News
    • Education
    • Health
    • Metro/Crime
    • Nigeria News
    • Photo News
    • World News
  • Politics
  • Business & Brands
  • Entertainment
    • Celebrities
    • Movies
    • Music
    • Telemundo
    • Telenovelas
  • Sports
  • Fashion
    • Accessories
    • Celeb Style
    • Designers
    • Lookbook
    • Style Crush
    • Trends
    • Who Wore It Better
  • Features
    • Dear Angie
    • Interviews
    • Opinions
  • Beauty
    • Hair
    • Skin
    • Nails
  • Lifestyle
    • Career
    • Food & Drinks
    • Fitness
    • Travels
    • Weddings
  • Events
  • Relationship

© 2022 Glamtush