The Court of Appeal sitting in Abuja has dismissed an application seeking to suspend a subsisting judgement which had ordered the Central Bank of Nigeria (CBN) to pay Kasmal International Services N579,130,698,440 for its role in stamp duty collection.
The Federal High Court’s subsisting judgment in dispute also included 10% interest per annum on the judgment sum for the period from January 1, 2015, to January 31, 2020.
The ruling was delivered on Friday, January 24, 2025, and read by Justice Okong Abang in an application for a stay of execution instituted by the School of Banking Honors against Kasmal, with the CBN and the Attorney General of the Federation listed as parties.
Nairametrics previously reported that the Federal High Court judgment, delivered on Friday, October 11, 2024, by Justice Inyang Ekwo, ordered the CBN to pay over N579 billion with associated interest within the stipulated period to Kasmal.
Justice Ekwo had held that the CBN had paid Kasmal the sum of N10.3…
Connect with us on our socials: