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BREAKING: Court Strikes Out FG’s Case Against Seven Banks

The Federal High Court Sitting in Lagos has struck out a suit filed by the Federal Government against seven commercial banks to seek the remittance of the sum of $793,200,000 allegedly hidden with them in contravention of the Treasury Single Account policy, Channels Tv reports.

Justice Chuka Obiozor struck out the suit on Wednesday morning and awarded a cost of N200,000 against FG and in favor of all the affected banks except Skye Bank which was not represented in court.

More details later.


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