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Nigerian firm sues CBN for N4.1b over alleged negligence

Summary by mediatalkafrica.com
Oil services firm Zumax Nigeria Limited has sued the Central Bank of Nigeria (CBN) for N4.1 billion, accusing it of gross negligence over a disputed receivership. In a suit before Justice Akintoye Aluko of the Federal High Court, Lagos, Zumax alleged that CBN failed in its duty to supervise banks and protect customers. The company [...] Source
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The Podium MediaThe Podium Media

Firm Sues For N4.1b Over Negligence As CBN Objects - Thepodiummedia

Zumax Nigeria Limited, an oil services company, has sued the Central Bank of Nigeria (CBN) for N4.1 billion at the Federal High Court in Lagos. It alleges gross negligence and complicity by CBN over a receivership. In the case before Justice Akintoye Aluko, Zumax claimed that the CBN failed in its statutory duty to supervise banks and protect customers’ interests. However, CBN has filed a preliminary objection challenging the court’s jurisdictio…

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Investors KingInvestors King

Zumax Takes CBN To Court, Accuses Regulator Of Failing To Supervise FCMB

Oil services company, Zumax Nigeria Limited, has filed a ₦4.1 billion lawsuit against the Central Bank of Nigeria (CBN), accusing the apex bank of regulatory failure and gross negligence in a long-standing receivership dispute involving First City Monument Bank (FCMB). In a suit currently before Justice Akintoye Aluko of the Federal High Court in Lagos, […] The post Zumax Takes CBN to Court, Accuses Regulator of Failing to Supervise FCMB appeare…

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mediatalkafrica.commediatalkafrica.com

Nigerian firm sues CBN for N4.1b over alleged negligence

Oil services firm Zumax Nigeria Limited has sued the Central Bank of Nigeria (CBN) for N4.1 billion, accusing it of gross negligence over a disputed receivership. In a suit before Justice Akintoye Aluko of the Federal High Court, Lagos, Zumax alleged that CBN failed in its duty to supervise banks and protect customers. The company [...] Source

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Flying EzeFlying Eze

Nigerian firm sues CBN for N4.1b over alleged negligence - Flying Eze

Oil services firm Zumax Nigeria Limited has sued the Central Bank of Nigeria (CBN) for N4.1 billion, accusing it of gross negligence over a disputed receiv...

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ogtv.com.ngogtv.com.ng

Firm sues for N4.1b over negligence as CBN objects

Zumax Nigeria Limited, an oil services company, has sued the Central Bank of Nigeria (CBN) for N4.1 billion at the Federal High Court in Lagos. It alleges gross negligence and complicity by CBN over a receivership. In the case before Justice Akintoye Aluko, Zumax claimed that the CBN failed in its statutory duty to supervise banks and protect customers’ interests. However, CBN has filed a preliminary objection challenging the court’s jurisdictio…

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ogtv.com.ng broke the news in on Wednesday, March 26, 2025.
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