• About Us
  • Advertise
  • Privacy & Policy
  • Contact Us
  • Terms and Conditions
Friday, March 6, 2026
Verily News
No Result
View All Result
  • News
    • Breaking News
    • Global News
  • Politics
    • Political Analysis
    • Government & Policies
  • Business & Economy
    • DIY and FAQ
    • Product Reviews
  • Entertainment
    • Sports
    • Movie
    • Music
  • Technology
  • Trends
  • Fact-Check
    • Investigative Reports
  • Opinion
  • Share your story
  • News
    • Breaking News
    • Global News
  • Politics
    • Political Analysis
    • Government & Policies
  • Business & Economy
    • DIY and FAQ
    • Product Reviews
  • Entertainment
    • Sports
    • Movie
    • Music
  • Technology
  • Trends
  • Fact-Check
    • Investigative Reports
  • Opinion
  • Share your story
No Result
View All Result
No Result
View All Result
Home News

Court Dismisses ₦990trn Lawsuit Against CBN, Labels Plaintiff’s Claims Incomprehensible

June 4, 2025
in News
Reading Time: 2 mins read
0
CBN Abuja office
Share on FacebookShare on TwitterShare on Linkedin
Spread the love

The Federal High Court in Abuja has dismissed a ₦990 trillion lawsuit filed by Mr. Tunde Omosebi against the Central Bank of Nigeria (CBN), citing the case as “incomprehensible” and lacking any reasonable cause of action.

Delivering the judgment on Wednesday, Justice James Omotosho ruled that the case, which also included several high-ranking public officials and banks as co-defendants, failed to meet the standards of a fundamental rights suit and did not raise any valid legal claims.

Omosebi had sued CBN Governor Olayemi Cardoso as the 1st defendant, along with the chief executives of UBA, GTB, and Zenith Bank as the 2nd to 4th defendants. Also joined in the suit were Senate President Godswill Akpabio and House Speaker Tajudeen Abbas, among others.

In a bizarre set of claims, Omosebi, who referred to himself as “His Majesty,” the “Chairman of the Federal Executive Council,” and “Prime Minister of Nigeria,” demanded ₦990 trillion as compensation for “traumatic torture” and fundamental rights violations. He also asked the court to convert the CBN to the “Reserve Bank of Nigeria” and award him ₦5 million as cost of suit.

Justice Omotosho said, “This court painstakingly read the reliefs and all the processes of the plaintiff, and the more the court read, the more the court became confused as to what exactly the plaintiff was claiming.”

The court found that the suit lacked any coherent legal basis, had no supporting evidence of financial wrongdoing, and failed to demonstrate any injury suffered by the claimant. Omosebi had also added dozens of new defendants—including all airlines operating in Nigeria—without court approval, further complicating the case.

Due to the frivolous and erratic nature of the case, Justice Omotosho issued a restraining order barring Omosebi from filing any future legal processes unless through a certified legal practitioner or with a medical clearance confirming his mental fitness from the Chief Medical Officer of the National Hospital.

The court also directed all registries of the Federal High Court not to accept any filings from Omosebi that do not meet these conditions.

Reacting to the judgment, Senior Advocates of Nigeria (SANs) present in court commended the judge for his detailed ruling. Ikechukwu Ezechukwu, SAN, likened the lawsuit to “Onitsha Market literature,” while Sanusi Musa, SAN, urged the National Assembly to consider amending laws to prevent such frivolous cases.

What you should know
The Federal High Court has not only dismissed Omosebi’s ₦990 trillion claim against the CBN as baseless but also barred him from initiating further lawsuits without proper legal or medical clearance. The judgment underscores the judiciary’s stance against misuse of court processes.

Tags: CBNCourt HearingLawsuit
Share197Tweet123Share34
Previous Post

EFCC Declares Two More Suspects Wanted in ₦1.3trn CBEX Fraud Case

Next Post

ASUU-AKSU Commences Indefinite Strike Over Salary Arrears, Unmet Wage Demands

Related Posts

Tinubu makes new appointment

Tinubu Approves Posting Of 31 Career, 34 Non-career Ambassadors (Full List)

by Gracie
March 6, 2026
0

Tinubu Approves Posting Of 31 Career, 34 Non-career Ambassadors (Full List) President Bola Tinubu has approved the posting of 31...

Photo of President Bola Tinubu

Tinubu Approves Postings for 65 New Ambassadors

by Victor Haruna
March 6, 2026
0

President Bola Ahmed Tinubu has approved the official postings of 65 ambassadors to represent Nigeria across several countries and at...

REA

REA Reveals Massive Cost to End Nigeria’s Electricity Crisis

by Victoria Ogbadu
March 6, 2026
0

The Rural Electrification Agency (REA) has announced that the country needs an estimated $23 billion to provide reliable electricity to...

FAAN

FAAN Reverts to Cash and Card Payments at Airports

by Victoria Ogbadu
March 6, 2026
0

The Federal Airports Authority of Nigeria (FAAN) has confirmed a temporary pivot to a hybrid payment system for toll gates,...

US justice department

US Justice Dept Releases New Epstein Files Alleging Trump Assault

by Victor Haruna
March 6, 2026
0

The United States Justice Department on Thursday made public additional documents from the Federal Bureau of Investigation detailing interviews with...

Load More
Next Post
ASUU logo

ASUU-AKSU Commences Indefinite Strike Over Salary Arrears, Unmet Wage Demands

Photo of Ibas

Rivers State Administrator Approves Appointment of 11 New Permanent Secretaries

Seun Kuti Slams INEC, Labels Nigerian Politicians ‘Religious Nutjobs

Seun Kuti Slams INEC, Labels Nigerian Politicians ‘Religious Nutjobs

TG Omori Opens Up About Struggles Behind the Scenes Despite Fame and Success

TG Omori Opens Up About Struggles Behind the Scenes Despite Fame and Success

Photo of Liam Delap at Chelsea

Chelsea Sign Liam Delap from Ipswich in £30 Million Deal

Photo of Aliko Dangote

Dangote Urges End to Medical Tourism, Advocates Drug Production in Nigeria

Photo of Bill Gates

Bill Gates Reflects on $100bn Investment in African Healthcare, Sees Hope for Future Progress

Photo of Pastor Tunde Bakare and President Tinubu

Pastor Tunde Bakare Meets Tinubu in Lagos, Emphasizes Vision for Nigeria’s Future

Photo of Ronaldo

Ronaldo Breaks German Curse as Portugal Marches into Nations League Final

Bill Gates at Lagos Goalkeepers Event

Bill Gates Emphasizes Africa’s Youth Investment as Key to Global Future at Lagos Goalkeepers Event

  • Trending
  • Comments
  • Latest
cbn governor olayemi cardoso

CBN Approves Merger Between Two Banks

February 23, 2026
us to deport 79 nigerians

Full List: US To Deport 79 Nigerians

February 11, 2026
FG (TInubu) To Stop Salaries Of Unverified Workers

Tinubu Makes 12 New Appointments

February 11, 2026
Rihanna

Rihanna: Vibrant Star Elevating Nigerian Fashion Trends

1
Markets

European Markets Fall as French Government Crisis Deepens, Trump Fires Fed Governor

1
Kenya Airways

Viral video: Drama at Airport as Nigerian Woman Clashes with Kenya Airways Over Visa Issue

0
Amaechi officially joins ADC

2027: Amaechi Joins ADC Officially

March 6, 2026
Tinubu makes new appointment

Tinubu Approves Posting Of 31 Career, 34 Non-career Ambassadors (Full List)

March 6, 2026
Photo of President Bola Tinubu

Tinubu Approves Postings for 65 New Ambassadors

March 6, 2026
Verily News

Copyright © 2025 Verily News.

Navigate Site

  • About Us
  • Advertise
  • Privacy & Policy
  • Contact Us
  • Terms and Conditions

Follow Us

No Result
View All Result
  • News
    • Breaking News
    • Global News
  • Politics
    • Political Analysis
    • Government & Policies
  • Business & Economy
    • DIY and FAQ
    • Product Reviews
  • Entertainment
    • Sports
    • Movie
    • Music
  • Technology
  • Trends
  • Fact-Check
    • Investigative Reports
  • Opinion
  • Share your story

Copyright © 2025 Verily News.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Get Breaking News Alerts on WhatsApp