M. O. OBISANYA V. EBENEZER NWOKO
August 11, 2025J. C. NZELU V. AFRICAN CONTINENTAL BANK LTD. & ORS
August 11, 2025Legalpedia Citation: (1974) Legalpedia (SC) 11191
In the Supreme Court of Nigeria
Mon Jun 3, 1974
Suit Number: SC. 184/1974 SC.196/1974
CORAM
COKER, JUSTICE, SUPREME COURT
SOWEMIMO, JUSTICE, SUPREME COURT
BABALAKIN,JUSTICE, SUPREME COURT
PARTIES
NIGERIAN ACCEPTANCES LTD & ANOR APPELLANTS
RESPONDENTS
AREA(S) OF LAW
SUMMARY OF FACTS
The parties filed terms of settlement for the winding-up of the West African Steel & Wire Ltd. But the Federal Revenue Court refused to order winding-up on the grounds that there was no evidence on which he could base such an order.
HELD
The court held that the company ought to have been wound- up by the court in accordance with the terms of settlement filed by the parties.
ISSUES
Whether the Federal Revenue Court ought to have wound- up the West African Steel & Wire Ltd pursuant to the terms of settlement filed by the parties.
RATIONES DECIDENDI
THE GENERAL RULES OF COURT IN PETITION FOR WINDING-
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CASES CITED
STATUTES REFERRED TO
