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[SITUATION] · [ACTIVE]
2 clusters · 3 sources · 3 days · First seen · Last updated
Categories: BUSINESS
Nigeria Court of Appeal continues reversals
Entities: Justice Okon Abang · Court of Appeal (Abuja Division) · Central Bank of Nigeria · Imo State Government · Andrew Okoroji
Overview
In late July 2026 the Abuja Division of Nigeria’s Court of Appeal kept overturning earlier lower‑court rulings. On 28 July it set aside a Federal High Court judgment that had struck out T.M. Lewin Nigeria Ltd’s claim and nullified a N100 million garnishee order against the Central Bank of Nigeria, finding the evidence speculative. Two days later, on 30 July, the Appeal Court again rejected the garnish, reiterating that the trial court relied on speculation. The decision, delivered unanimously by Justice Okon Abang, emphasized that only existing, ascertainable liabilities can be subject to garnishee proceedings and noted that the Central Bank holds no account for Imo State. The court also found the trial judge’s refusal to grant bail to Dr Peter Nwogu arbitrary given his health. These rulings underscore the court’s heightened scrutiny of procedural propriety and evidentiary standards in both criminal bail matters and high‑value financial orders.
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 2 SOURCES] The Court of Appeal Abuja Division set aside a Federal High Court garnishee order attaching N100.18 million against the Central Bank of Nigeria. (both)
- [● 2 SOURCES] The appellate court held that the trial court acted on speculation without credible evidence that the CBN owed the Imo State Government any attachable debt. (both)
- [● 2 SOURCES] Justice Okon Abang delivered the unanimous judgment emphasizing that garnishee orders must be based on verifiable evidence. (both)
- [● 2 SOURCES] Andrew Okoroji applied to enforce a judgment debt of N100.178 million against Imo State Government in May 2016. (both)
- [● 2 SOURCES] Anticipated allocations from the Federation Account Allocation Committee are not attachable debts for garnishee proceedings. (both)
- [○ 1 SOURCE] The Nigeria Security and Civil Defence Corps arrested Feyisara Ojasanmi on 9 September 2015 at his house in Ode Omi, Irele Local Government Area, Ondo State, based on an intelligence report that he is (NSCDC intelligence report alleging diesel trafficking)
- [○ 1 SOURCE] Feyisara Ojasanmi was charged with two counts of adulteration and dealing in petroleum products (diesel) under Sections 1(18) and 1(17) of the Miscellaneous Offence Act. (Federal High Court indictment)
- [○ 1 SOURCE] The Federal High Court convicted Ojasanmi on count two and sentenced him to two years imprisonment, while acquitting him on count one. (Federal High Court judgment)
- [○ 1 SOURCE] Ojasanmi filed a notice of appeal on 21 June 2017 challenging the Federal High Court decision. (Appellant's filing)
Timeline
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1 day ago
[BUSINESS] 2 sourcesCourt of Appeal overturns N100m garnishee order against Central Bank of NigeriaNigeria's Court of Appeal voided a N100 million garnishee order against the Central Bank, ruling the lower court lacked evidence of an attachable debt to Imo State.
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4 days ago
[BUSINESS] 2 sourcesNigeria Court of Appeal overturns prior rulings in corporate and banking disputesNigeria’s Court of Appeal reversed a ruling on an Anton Piller order in a corporate case and voided a N100 million garnishee order against the Central Bank, citing lack of evidence.
Sources
bentelevision.com · lawhub.com.ng · thisdaylive.com
This summary has been updated 3 times: see revision history