The Federal High Court Sitting, Lagos, has struck out a suit filed by the Federal Government against seven commercial banks.
The FG previously sought to seek the remittance of the sum of $793,200,000 allegedly hidden with them in contravention of the Treasury Single Account policy.
Justice Chuka Obiozor struck out the suit on Wednesday morning and awarded a cost of N200,000 against the FG and in favour of all the affected banks except Skye Bank which was not represented in court.
Omoleye Omoruyi… an apprentice web/game developer, novelist, sensitive to happenings in the world. Meet him @Lord_rickie on Twitter/Instagram
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