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Floored: Court Disgraces Skye Bank Plc




Skye Bank Plc was embarrassingly floored in one of its ongoing court cases.


The case between Skye Bank Plc and Centrespread Advertising had been on for a while with the financial institution seeking the court to order the later to pay the sum of N525million as outstanding indebtedness to the bank.


However, the financial institution received a rude shock when the Lagos High Court with Hon. Justice A. M. Lawal   presiding threw out the application.


Basis for the court’s action was a lack of admissible evidence by Skye Bank Plc.


Recall that Centrespread challenged Skye Bank’s claim of its continued indebtedness in a motion for interlocutory injunction in suit No: LD/2362GCMW/16. With this sorted, the main case is set for hearing.

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