NEWSTOP STORY

Appeal Court to hear property suit involving Skye Bank, SAN  July 5

The  Court of Appeal, Abuja division has fixed July 5 for hearing in property suit lodged against a Senior Advocate of Nigeria (SAN), J.B. Majiyagbe by Mr Samuel Nwosu.

At the resumed hearing on Monday, the three-member panel of the court granted an application seeking to substitute the name of Skye Bank for Polaris bank, which is the bank’s new name.
Consequently, the court ordered that all court processes relating to appeal number CA/A/541/2018  be amended to reflect the name of Polaris Bank.
 The court further made an order directing that fresh hearing notice be issued on the second respondent, Polaris Bank, who was not represented in court.
Earlier, counsel to the appellant Mr Chukwuma-Machukwu Ume, SAN, tendered a letter from the Deputy Registrar of the court confirming that the correct number of the appeal was CA/A/541/2018 and not CA/A/112/2017.
The News Agency of Nigeria (NAN) reports that on the last adjourned date,  a three-man panel of the appellate court headed by Justice Abubakar Yahaya, ordered Ume,  G. O. A. Ogunyomi and Oluwasegun Owa, lawyers to the 1st and 2nd respondents, to correct the discrepancies in the appeal number.
This was sequel to an observation raised by Ogunyomi, counsel to Mayiyagbe that whereas the motion that was filed by the appellants was marked  CA/A/541/2018, the original appeal number  handed by the court, was CA/A/112/2017.
The appellants, Nwosu and Chukwuemeka Anyaoha, had approached the court over ownership of a property situated at Plot 222 Shehu Shagari Way, Asokoro, Abuja.
In their brief of argument, the appellants alleged that Majiyagbe, being their tenant, owed them one year rent.
They said they were surprised when they learned that Majiyagbe subsequently issued a letter to his co-tenants, notifying them that he had bought the property and demanded that they should henceforth pay rent to him.
However, in his own amended statement of defence and counter-claim, Majiyagbe said he bought the property from Skye Bank Plc, now Polaris Bank Ltd.
He said the property was sold to him after a company, Sam Total Trade Ltd, which used it as collateral, failed to pay N60 million mortgage loan it took from the bank.
The appellants are specifically praying the appellate court to set-aside a ruling of the High Court of the Federal Capital Territory, which rejected an application they filed to join the alleged debtor, Sam Total Trade Ltd, as an interested party in the case.
They are further praying the court to declare that the senior lawyer had no right to issue his co-tenants, any document purporting to claim that he was now the landlord of the property.
They are equally praying for an order of injunction restraining Majiyagbe  from asserting any right of ownership over the property.