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The Supreme Court dismissed an appeal challenging the merger of Providus Bank Limited and Unity Bank PlcThe court invoked Section 22 of the Supreme Court Act to directly sanction the mergerIt also approved the transfer of all assets, liabilities, and undertakings within 10 days
Legit.ng journalist Dave Ibemere has experience in business journalism, with in-depth knowledge of the Nigerian economy, the stock market, and broader market trends.
The Supreme Court of Nigeria has finally brought an end to the legal battle over the proposed merger between Providus Bank Limited and Unity Bank Plc.
The court dismissed an appeal against the transaction and granted costs of N10million against the appellants to each of the respondents on Monday, June 1.
Court approves share swap deal in bank merger case Photo: NurphotoSource: UGC
Court approves Unity Bank, Providus merger, name change
A five-member panel of the apex court, presided by Justice Tijani Abubakar, while delivering judgment in an appeal
