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Teleology Nig Ltd Appeals N55bn Judgement by FHC
TELEOLOGY NIGERIA LIMITED APPEALS THE JUDGMENT OF THE FEDERAL HIGH COURT GRANTING KEYSTONE BANK LIMITED THE SUM OF N55,726,507,509.67 as principal and interest debts owed by Teleology under a loan facility granted by Bank.
Teleology Nigeria Limited, has filed a Notice of Appeal against the decision of the Federal High Court, Lagos Judicial Division, as contained in the judgment of the Court delivered by His Lordship, the HON. JUSTICE YELLIM S. BOGORO on the 12th day of July, 2024 in SUIT NO: FHC/L/CS/297/2023: KEYSTONE BANK LIMITED VS. TELEOLOGY NIGERIA LIMITED, wherein his Lordship, the Honourable Justice Yellim S. Bogoro had entered Judgment in favour of Keystone Bank Limited under the undefended List Procedure and proceeded to grant the Bank’s sole relief for “The sum of N55,726,507,509.67 (Fifty-Five Billion, Seven Hundred and Twenty-Six Million, Five Hundred and Seven Thousand, five Hundred and Nine Naira and Sixty-Seven Kobo) being the Outstanding debt from the facilities granted to the Defendant vide the loan facilities commencing with the Offer Letter of 29th November, 2018” as contained in the Writ of Summons and the Affidavit setting forth the grounds upon which the application for hearing of the Suit under the Undefended List Procedure was brought.
The Notice of Appeal was filed on behalf of Teleology Nigeria Limited by the former Attorney-General of the Federation and Minister of Justice, Chief Michael Kaase Aondoakaa, SAN dated 17th day of July, 2024 and filed on the same day is praying the Court of Appeal to set aside the Judgment of the Federal High Court on three Grounds to wit:
i. That the Learned Trial Judge erred in law when he assumed jurisdiction, despite the clear provisions of the Proviso to Section 251 (1) (d) of the Constitution of the Federal Republic of Nigeria 1999 (as altered) to entertain the Respondents Suit No. FHC/L/CS/297/2023 which is a claim arising out of a banker/customer transaction and proceeded albeit without jurisdiction, to enter judgment in favour of the Respondent, therefore rendering the entire proceedings a nullity.
ii. That the Learned Trial Judge denied the Appellant it’s right of fair hearing when he refused to hear, consider and determine before proceeding to judgment, the Appellant’s pending Notice of Preliminary Objection filed on the 2nd day of July, 2024 and Motion on Notice filed on the 2nd day of July, 2024 which Exhibited a defence on the merit that Keystone Bank Limited failed, refused and or neglected to disburse to the Appellant any amount of the loan credit facility in the sum of N26,000,000,000.00 (Twenty-Six Billion) Naira, as contained in the loan Agreement between the Parties and that the case of the said loan credit facility is a subject of a pending investigation before the Economic and Financial Crimes Commission (EFCC).
iii. That Learned Trial Judge erred in law in entering Judgement in favour of the Respondent and granting the relief sought by the Respondent in the Writ of Summons under the undefended list when the Claim of the Respondent is not for a liquidated money demand or liquidated money sum as the total claimed sum is said to include principal and interest and Keystone Bank Limited has no statement of account to show it ever disbursed the loan to the Appellant or to show how the interest accrued.
The Appellant has also filed before the Federal High Court, a Motion on Notice dated 15th day of July, 2024 but filed on the 17th day of July, 2024 praying the Court to stay the execution of the Judgment delivered on the 12th day of July, 2024 in the said suit FHC/L/CS/297/2023: KEYSTONE BANK LIMITED VS. TELEOLOGY NIGERIA LIMITED pending the hearing and determination of the Appeal by the Court of Appeal.
Both the said Notice of Appeal, the Motion for Stay of Execution as well as Summons for Compilation of the Record of Appeal have been served on the Respondent, Keystone Bank Limited.
Incidentally,9mobile is not a party to the suit and no judgement was ever entered against 9mobile.
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HON. JA’AFARU YAKUBU HONOURED WITH DOUBLE TRADITIONAL TITLES OF CHIROMAN GASSOL AND MARAFAN BAKUNDI BALI
The Member representing Bali/Gassol Federal Constituency in the House of Representatives, Hon. Ja’afaru Chiroma Yakubu (ADC), has been conferred with two prestigious traditional titles — Chiroman Gassol and Marafan Bakundi Bali — in recognition of his exemplary leadership, commitment to public service, and immense contributions to community development.
The traditional honours were officially bestowed on the federal lawmaker by the revered traditional ruler of Bakundi Chiefdom, His Royal Highness, Alhaji Kabiru Muhammad Gidado Misa, the 10th Lamdo of Bakundi, during a colourful coronation ceremony attended by members of the royal family, community leaders, political associates, supporters, and well-wishers.
The conferment of the dual traditional titles has continued to attract widespread commendation from stakeholders across Taraba State and beyond, with many describing the recognition as a reflection of Hon. Ja’afaru Yakubu’s growing influence, grassroots connection, and unwavering dedication to the wellbeing of his people.
In a congratulatory message issued by his Special Assistant on Media and Publicity, Comrade Bashir Umar Dali, the lawmaker was described as a courageous, humble, and visionary leader whose commitment to humanity and community advancement has remained outstanding.
According to the statement, the titles Chiroman Gassol and Marafan Bakundi Bali are symbolic recognitions of the lawmaker’s selfless service, people-oriented representation, and tireless efforts towards promoting unity, peace, and sustainable development across Bali/Gassol Federal Constituency.
The statement further noted that Hon. Ja’afaru Yakubu has consistently distinguished himself through impactful representation, empowerment initiatives, and developmental interventions aimed at improving the lives of the people.
“Your commitment and selfless contributions to the growth and progress of the people continue to inspire many across Bali/Gassol Federal Constituency and beyond,” the statement read.
Comrade Bashir Umar Dali also prayed for greater wisdom, strength, honour, and divine guidance for the federal lawmaker as he continues to shoulder greater traditional and leadership responsibilities in service to the people.
Observers have described the conferment of the two traditional titles as a major endorsement of Hon. Ja’afaru Yakubu’s leadership credentials and his increasing relevance in the socio-political and traditional landscape of Taraba State.
The titles Chiroman Gassol and Marafan Bakundi Bali are regarded as highly respected honours within the traditional institution, reserved for individuals who have demonstrated exceptional character, loyalty, service, and commitment to the development and unity of their communities.
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EID-EL-KABIR: BELLO BABAYO BELLO COMMENDS TINUBU, SHETTIMA, GOMBE GOVERNOR AS HE FELICITATES WITH MUSLIMS NATIONWIDE
The Executive Director, Networks, Niger Delta Power Holding Company Limited (NDPHC), Engr. Bello Babayo Bello, FNSE, has extended warm felicitations to Muslim faithful across Nigeria, particularly the people of Gombe State, on the occasion of the 2026 Eid-el-Kabir celebration, urging citizens to continue promoting peace, unity, love, and national development.
In a goodwill message released to journalists on the occasion of the Islamic festival, Engr. Bello described Eid-el-Kabir as a sacred celebration that reflects the virtues of sacrifice, obedience, faith, compassion, and gratitude to Almighty Allah as demonstrated by Prophet Ibrahim (AS).
He called on Muslims to use the spiritual significance of the season to strengthen the bonds of brotherhood, support one another, and continue praying for the peace, stability, and prosperity of Nigeria.
Engr. Bello also commended the leadership of President Bola Ahmed Tinubu, GCFR, for his commitment to national development, economic reforms, infrastructural advancement, and efforts aimed at strengthening unity and progress across the country.
According to him, the administration of President Tinubu has continued to demonstrate determination in laying foundations for long-term growth and national transformation through bold policies and strategic governance initiatives.
The NDPHC Executive Director equally praised Vice President Kashim Shettima, GCON, for his loyalty, dedication, and support toward the actualization of the Renewed Hope Agenda of the Federal Government.
He noted that the Vice President has continued to play a vital role in promoting stability, inclusion, and effective coordination within government.
Engr. Bello further applauded the Governor of Gombe State, Muhammadu Inuwa Yahaya, CON, for what he described as purposeful leadership and remarkable strides in infrastructural development, healthcare, education, youth empowerment, and peaceful coexistence in the state.
He said the governor’s developmental policies and inclusive style of governance have continued to attract admiration and confidence from the people of Gombe State and beyond.
“Eid-el-Kabir remains a season of reflection, gratitude, sacrifice, and devotion to Almighty Allah. It is also a period that reminds us of the importance of unity, compassion, tolerance, and service to humanity. As we celebrate, we must continue to pray for our leaders and for the continued peace, progress, and prosperity of our dear nation,” he stated.
Engr. Bello urged Muslim faithful to extend love and kindness to the less privileged, widows, orphans, and vulnerable members of society during the Sallah festivities, stressing that charity and generosity are central teachings of Islam.
He also commended the people of Gombe State for sustaining the culture of peaceful coexistence, harmony, and mutual respect among diverse communities.
The engineering professional and public administrator expressed optimism that Nigeria would continue to witness greater development, unity, and economic advancement under the leadership of President Tinubu.
He prayed for Allah’s continued guidance, wisdom, protection, and blessings upon the President, Vice President, Governor Inuwa Yahaya, and all leaders across the country.
Engr. Bello finally wished Muslim faithful in Gombe State and across Nigeria a peaceful, joyous, and spiritually fulfilling Eid-el-Kabir celebration.
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Dogara Celebrates Eid El-Adha, Urges Nigerians to Embrace Unity, Sacrifice, and Compassion
Rt. Hon. Yakubu Dogara, former Speaker of the House of Representatives and Chairman of the Board of National Credit Guarantee Company Limited (NCGC), has extended heartfelt felicitations to Muslims across Nigeria and around the world on the occasion of Eid El-Adha.
In his Eid message, Dogara described the festival as one of the most profound moments in the Islamic faith — a sacred season that embodies the enduring virtues of sacrifice, obedience, faith, and total devotion to God, as demonstrated by Prophet Ibrahim (AS). He noted that beyond its spiritual significance, Eid El-Adha serves as a powerful reminder of the values of compassion, generosity, and love for humanity.
According to him, the celebration offers an opportunity for reflection and renewal, urging Nigerians to recommit themselves to the ideals of unity, peace, and mutual understanding. He observed that the true essence of Eid lies not merely in celebration, but in the willingness to serve others selflessly and uplift the less privileged.
“Eid El-Adha reminds us that greatness is found in sacrifice, service, and compassion for one another. It is a season that calls us to strengthen the bonds of brotherhood, extend kindness to those in need, and renew hope for a better and more united nation,” Dogara stated.
The former Speaker stressed that the lessons of Eid should transcend religious and ethnic boundaries, especially at a time when Nigeria needs collective commitment to peace, justice, and national cohesion. He called on citizens to rise above division and work together in the spirit of patriotism and shared destiny.
“As we celebrate this sacred festival, may the spirit of sacrifice inspire us to build bridges of understanding, promote harmony across our communities, and work collectively for a more peaceful, just, and prosperous Nigeria,” he added.
Dogara further prayed that the blessings of Eid El-Adha would bring joy to families, healing to communities, and progress to the nation. He encouraged the faithful to use the occasion as a time for spiritual renewal, deeper devotion to God, stronger family ties, and renewed commitment to the common good.
“As families gather in prayer and celebration, may this Eid remind us of our shared humanity and our collective responsibility to serve with humility, love, and sincerity. May the Almighty accept our prayers and sacrifices, bless our homes with peace and happiness, and guide our nation toward greater unity and prosperity,” he concluded.
Dogara wished all Muslim faithful a peaceful and joyous Eid El-Adha celebration filled with divine blessings, love, hope, and renewed faith in the future of Nigeria.
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