FCT High Court dismisses FHT Mega Express suit against Parallex Bank, awards N500,000 against company in favour of Bank
Saturday, April 25, 2026
The Federal Capital Territory High Court threw out FHT Mega Express Ltd.’s N7.1 billion claim against Parallex Bank, ruling the lawsuit an abuse of process and awarding the bank N500,000 in costs. The decision underscores tighter
The Federal Capital Territory High Court has dismissed in its entirety the suit filed by the logistics firm, FHT Mega Express Limited against Parallex Bank Limited wherein the company claimed N7.1billion against the Bank. In the suit, the Court upheld Parallex Bank’s preliminary objection that the case amounted to a gross abuse of court process. […] FCT High Court dismisses FHT Mega Express suit against Parallex Bank, awards N500,000 against company in favour of Bank