- After ruling on a case involving a bank and an alleged debtor, Justice Ibrahim Buba of the Federal High Court has been reported to the NJC and the EFCC
- Union Bank of Nigeria accused the judge of perverting the cause of justice
- The court urged the council and the anti-graft agency to intervene
Justice Ibrahim Buba of the Federal High Court has been accused by Union Bank of Nigeria of perverting the cause of justice in a suit filed against it by an alleged debtor.
The National Judicial Council (NJC), the Economic and Financial Crimes Commission (EFCC), and the Department of State Security (DSS), were petitioned by the bank, which alleged professional misconduct, The Nation reports.
NAIJ.com notes that the bank said the judge “turned the law upside down” in a judgment in the debtor’s favour, adding that the judgement appeared most unreasonable and difficult to understand.
The bank claimed that the judge conferred benefit to the unrighteous at the expense of the righteous, adding that the judge exposed the bank to a great risk with his judgement, as the loan facilities extended to the company was part of its depositors’ and shareholders’ funds.
Its said it cannot afford to lose such amount of money, urging the NJC and the EFCC to intervene. According to the bank, a loan facility amounting to the sum of $68 million was granted to a property company for the building of a commercial property in Abuja.
The bank added: “The loan remains unserviced with an outstanding balance currently standing at the sum of $81,941,230.84 as at February 7, 2018."
It stated that the loan was disbursed in dollars and the interest was initially fixed at 15 per cent per annum, with payment to be done through proceeds from the Abuja property, from the rental proceeds of properties in Lagos and Abuja, and from the company’s other businesses.
The bank faulted the judge when he held that the bank’s granting of credit facilities in US Dollars and demanding it is prohibited under the Central Bank of Nigeria (CBN) Act.
Meanwhile, NAIJ.com previously reported that the Economic and Financial Crimes Commission (EFCC) petitioned the National Judicial Council (NJC) over the alleged misconduct of three judges.
The judges are: Justice Rita Ofili-Ajumogobia, Justice Hyeladzira Nganjiwa and Justice Agbadu Fishim.
In a letter dated January 5, 2018, the EFCC asked the NJC to take disciplinary action against the three judges who are all facing trial in several courts.
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