Contracts Cut Both Ways : Appeal Court Overturns GTBank’s ₦970m Judgment Against MKO Abiola’s Son
Contracts Cut Both Ways : Appeal Court Overturns GTBank’s ₦970m Judgment Against MKO Abiola’s Son
Even the biggest banks can be overruled. The Court of Appeal has nullified GTBank’s ₦970 million judgment against RCN Networks and Agboola Abiola, son of late MKO Abiola, citing a lack of valid contractual consent and allegations of forgery……READ ORIGINAL & FULL CONTENT HERE
GTBank’s 2014 judgment against Agboola Abiola and RCN Networks has been overturned.
Appeal Court ruled the Tripartite Legal Mortgage was questionable and lacked Abiola’s signature.
The justices criticised the lower court for ignoring allegations of document tampering.
The court emphasised that forged or contested agreements cannot establish legal rights.
The ruling affirms that even financial giants must play by the rules of consent and proof.
Contracts Cut Both Ways reminds us that legal agreements, no matter how ironclad they appear, must still honour clarity, consent, and credibility or risk collapse in court.
In an age where signatures carry power, this case warns both corporations and individuals: a deal is only as strong as the truth behind it……READ ORIGINAL & FULL CONTENT HERE