After Decades Of Litigation, Supreme Court Overturns N22tn Judgment Against Union Bank - TheNigeriaLawyer

Supreme Court Sets Aside N22trn judgement Against Union Bank - Brand Spur

The Supreme Court has set aside a Federal High Court judgement in which over N22 trillion was awarded against Union Bank and other parties since 2014. The judgement arose from a suit instituted by a company known as Visana Nigeria Limited which claimed that Union Bank was indebted to it in the sum of approximately $8 million at an interest rate of 2.5 per cent per month compounded from January 2000 until judgement and thereafter at 10 per cent p…

Supreme Court sets aside N22trn judgement against Union Bank - Security News Alert

The Supreme Court has set aside a Federal High Court judgement in which over N22 trillion was awarded against Union Bank and other parties since 2014. The judgement arose from a suit instituted by a company known as Visana Nigeria Limited which claimed that Union Bank was indebted to it in the sum of […] The post Supreme Court sets aside N22trn judgement against Union Bank first appeared on Security News Alert.

Supreme Court Sets Aside N22trn Judgement Against Union Bank

The Supreme Court has set aside a Federal High Court judgement in which over N22 trillion was awarded against Union Bank and other parties since 2014.  The judgement arose from a suit instituted by a company known as Visana Nigeria Limited which claimed that Union Bank was indebted to it in the sum of approximately $8 million at an interest rate of 2.5 per cent per month compounded from January 2000 until judgement and thereafter at 10 per cent …

Supreme Court Sets Aside N22trn judgement Against Union Bank

Supreme Court Sets Aside N22trn judgement Against Union Bank The Supreme Court has set aside a Federal High Court judgement in which over N22 trillion was awarded against Union Bank and other parties since 2014. The judgement arose from a suit instituted by a company known as Visana Nigeria Limited which claimed that Union Bank was indebted to it in the sum of approximately $8 million at an interest rate of 2.5 per cent per month compounded from…

Supreme Court Rules In Favor Of Union Bank In High-Profile ₦22 Trillion Case

The Supreme Court has set aside a longstanding judgment that awarded more than ₦22 trillion against Union Bank and other parties following a dispute that has spanned over two decades. The decision delivered on Friday, April 25, 2025, effectively nullified earlier rulings by the Federal High Court and the Court of Appeal which had found […] The post Supreme Court Rules in Favor of Union Bank in High-Profile ₦22 Trillion Case appeared first on Inv…

Supreme Court Overturns N22tn Judgement Against Union Bank — Akelicious

The Supreme Court has quashed a Federal High Court ruling that had, since 2014, awarded over N22 trillion against Union Bank and others. The legal dispute began when Visana Nigeria Limited sued Union Bank, claiming it was owed nearly $8 million, with interest charged at 2.5 percent monthly from January 2000 until judgement day, and an additional 10 percent annually thereafter until full settlement. Justice Stephen Jonah Adah, delivering the lead…