Central Bank of Nigeria (CBN) and Nigeria Deposit Insurance Cooperation (NDIC), on Monday, challenged the jurisdiction of the Federal High Court in Abuja to hear a suit jointly filed by Aso Savings & Loans Plc and Union Homes Savings & Loans Plc over their licence revocation.
CBN’s lawyer, Onyeka Ezeah, and NDIC ‘s counsel, Abubakar Shehu, raised the objection before Justice Emeka Nwite shortly when the case was called for defendants to show cause.
Justice Nwite had, on Dec. 29, declined to grant a motion ex-parte filed by Aso Savings and Union Homes seeking to stop the CBN and NDIC from taking further actions over the recent revocation of their operating licences.
The judge, in a ruling on the plaintiffs’ ex-parte motion moved by their lawyer, Joseph Silas, rather held that the interest of justicen would be better met by putting the defendants on notice to show cause why the relief should not be granted.
The judge then adjourned the matter until Jan. 5 for the defendants (CBN and NDIC) to show cause.
When the matter was called on Monday, Silas informed the court that case was fixed for defendants to show cause.
NAN
