FCT High Court dismisses FHT Mega Express suit against Parallex Bank, awards N500,000 against company in favour of Bank

The Federal Capital Territory High Court has dismissed in its entirety the suit filed by the logistics firm, FHT Mega Express Limited against Parallex Bank Limited wherein the company claimed N7.1billion against the Bank. In the suit, the Court upheld Parallex Bank’s preliminary objection that the case amounted to a gross abuse of court process. […] FCT High Court dismisses FHT Mega Express suit against Parallex Bank, awards N500,000 against company in favour of Bank

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