• About
  • Advertise
  • Our Privacy Policy
  • Contact
Tuesday, March 31, 2026
No Result
View All Result
  • Login
  • Register
MetrowatchXtra
  • WORLD
  • BUSINESS
  • POLITICS
  • HEALTH
  • SPORTS
  • OP-ED
  • ENTERTAINMENT
  • WORLD
  • BUSINESS
  • POLITICS
  • HEALTH
  • SPORTS
  • OP-ED
  • ENTERTAINMENT
No Result
View All Result
MetrowatchXtra
No Result
View All Result
Home BUSINESS

N2.4bn judgment debt: S’Court Reverses Self, Restores GTB’s Appeal against Innoson Motors

Ogochukwu Isioma by Ogochukwu Isioma
January 16, 2022
0 0
0
*Supreme Court

The Supreme Court has set aside its earlier ruling which dismissed Guaranty Trust Bank’s (GTB) appeal against a N2.4 billion judgment in favour of Innoson Motors Nigeria Limited.

The apex court set aside its own decision on Friday, while delivering judgment in an application by GTB seeking the re-listing of the appeal on the grounds that it was wrongly dismissed.

The apex court in reversing itself relied on Order 8 Rules 16 of the Supreme Court’s Rules that empowers it to set aside its decision in certain circumstances, like any other court.

Specifically, the five-member panel, led by Justice Olukayode Ariwoola, in a unanimous decision, held that the apex court erred in its ruling of February 27, 2019, wherein it erroneously dismissed GTB’s appeal with number: SC/694/2014 against the decision of the Court of Appeal, Ibadan, Oyo State.

The apex court, in the lead judgment written by Justice Tijani Abubakar, but read by Justice Abdu Aboki, claimed that it was misled by its Registry, which failed to promptly bring to the notice of the panel that sat on the case on February 27, 2019 that GTB had already filed its appellant’s brief of argument.

READ ALSO  Mobolaji Lawal named Ecobank Nigeria MD as Patrick Akinwuntan retires

The apex court noted that had the panel that sat on the case on February 27, 2019 been notified of the existence of the appellant’s brief of argument, it would not had given the ruling which dismissed GTB’s appeal on grounds of lack of diligent prosecution.

The apex court justices explained that the court has powers to reverse itself where there is any reason to do so, especially where any of the parties had obtained judgment by fraud, default or deceit; where such a decision is a nullity or where it is obvious that the court was misled into giving a decision.

According to the judgment, the circumstances of the GTB case falls into the category of the rare cases where the Supreme Court could amend or alter its own order on the grounds that the said order or judgment did not present what it intended to record.

“I am convinced that at the material time that the appellant’s appeal was inadvertently dismissed by this court, there was in place, a valid and subsisting brief of argument filed by the applicant.

“It will be unjust to visit the sin of the court’s Registry on an innocent, vigilant, proactive and diligent litigant.

READ ALSO  Indonesia's Largest Fleet Of Taxis Teams Up To Beat Ride-hailing Apps

“It is obvious from the material before us, that there were errors committed by the Registry of this court, having failed to bring to the notice of the panel of Justices that sat in chambers on February 27, 2019 that the appellant had indeed filed its brief of argument.

“This is a case deserving of positive consideration by this court.

“Having gone through all the materials in this application therefore, I am satisfied that the appellant/applicant’s brief of argument was filed before the order of this court made on February 27, 2019 dismissing the applicant’s appeal.

“The order dismissing the appeal was therefore made in error. It ought not to have been made if all materials were disclosed. The application is therefore, meritorious and hereby succeeds,” the apex court held.

He proceeded to set aside the court’s ruling of February 27, 2019 dismissing GTB’s appeal and ordered that the appeal marked: 694/2014 “be relisted to constitute an integral part of the business of this court until its hearing and determination on the merit”.

Other members of the panel are John Okoro and Helen Ogunwumiju.

(THISDAY)

Tags: GT BankInnoson MotorsSupreme Court
Ogochukwu Isioma

Ogochukwu Isioma

Ogochukwu Isioma is a Bachelor's degree holder in Linguistics (Hons) from the University of Benin, and a Master's student in International Affairs and Diplomacy at the Amadu Bello University, Zaria. With over half a decade-long active journalism practice, Ogochukwu is the Founder and Publisher of popular education-focused online medium, CAMPUS GIST, and currently writes for METROWATCH. He can be reached via ogochukwuisioma@gmail.com.

RELATED POST

BREAKING | US Supreme Court Strikes down Trump’s Global Tariffs
JUDICIARY

BREAKING | US Supreme Court Strikes down Trump’s Global Tariffs

by Ogochukwu Isioma
February 20, 2026
0

By Andrew Chung and John Kruzel WASHINGTON, Feb 20 (Reuters) - The U.S. Supreme Court struck down Donald Trump's sweeping...

Read moreDetails
Supreme court Dismisses Trial of Major Hamza Al-Mustapha in Kudirat Abiola’s Murder

Supreme court Dismisses Trial of Major Hamza Al-Mustapha in Kudirat Abiola’s Murder

January 22, 2026
JUST IN: Supreme Court Upholds President’s Power To Declare Emergency Rule, Suspend Elected Officials

JUST IN: Supreme Court Upholds President’s Power To Declare Emergency Rule, Suspend Elected Officials

December 15, 2025
BREAKING | Supreme Court Affirms President’s Authority to Impose Emergency Rule, Suspend Elected Officials

BREAKING | Supreme Court Affirms President’s Authority to Impose Emergency Rule, Suspend Elected Officials

December 15, 2025
Presidential Pardon: Supreme Court Overrides Tinubu, Affirms Maryam Sanda’s Death Sentence

Presidential Pardon: Supreme Court Overrides Tinubu, Affirms Maryam Sanda’s Death Sentence

December 12, 2025
JUST IN: Supreme Court Overrides President Tinubu, Affirms De@th Sentence for Maryam Sanda

JUST IN: Supreme Court Overrides President Tinubu, Affirms De@th Sentence for Maryam Sanda

December 12, 2025
Load More

APO

Recent Posts

  • Defense Minister Gen Chris Musa Storms Maiduguri on an Operational Visit 
  • Niger Senator, Jiya, Dumps PDP for APC
  • Senate Approves President Tinubu’s $6bn Loan Request
  • President Tinubu Writes Senate for Approval to Borrow Fresh $6bn
  • JUST IN: Nigerian Filling Stations Reduce Fuel Price After NNPCL, Dangote Refinery Cut

Recommended

SERAP Writes Buhari, Seeks ‘Copy of Agreement with Twitter’

SERAP Writes Buhari, Seeks ‘Copy of Agreement with Twitter’

4 years ago
Godwin Emefiele

Court Grants Emefiele N50m Bail | METROWATCH

2 years ago
MetrowatchXtra

MetrowatchXtra is an online daily newspaper poised to act as a catalyst in our debate and desire for well-governed Nigeria and provide the much-needed platform for all, irrespective of social, religious or political divide, to express their views.
Metrowatchxtra Nigeria

  • About
  • Advertise
  • Our Privacy Policy
  • Contact

© 2026 Metrowatchxtra Nigeria Published by Miraculous Media Connect Limited. All rights reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Politics
  • World
  • Business
  • Science
  • Entertainment
  • Sports
  • Tech
  • Health

© 2026 Metrowatchxtra Nigeria Published by Miraculous Media Connect Limited. All rights reserved