Court Strikes Out FG’s Case Against Seven Banks Allegedly Hiding $793,200,000

The Federal High Court Sitting in Lagos has struck out a suit filed by the Federal Government against seven commercial banks .

The FG had sought the remittance of the sum of $793,200,000 allegedly hidden with them, Channel 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.