Court Strikes Out FHT Mega Express N7.1bn Suit Against Parallex Bank

The Federal Capital Territory (FCT) High Court has dismissed the suit filed by a logistics firm, FHT Mega Express Limited, against Parallex Bank Limited. The firm had filed a suit seeking N7.1 billion against the bank. In the suit, the court upheld Parallex Bank’s preliminary objection that the case amounted to a gross abuse of […]

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