Justice Candide-Johnson presiding over a Lagos High Court,south west Nigeria,has ordered Stanbic-IBTC bank Plc and CRC Credit Bureau limited to jointly pay the sum of N50 billion as general damages, to one of its customers, Longterm Global Capital Limited, for false, malicious and injurious falsehood publication against it.

Apart from the judgement sum, the judge also ordered the bank and CRC Credit Bureau Ltd who is a joint defendant in the Suit filed by Longterm Global Capital Limited, to publish forthwith and not less than seven days, a retraction and apology to the claimant in the cover pages of Sunday and Monday editions of the Punch, Thisday and Guardian newspapers, in respect of the alleged false indebtedness publication of the claimant to the bank.
The judgement of the court was sequel to a suit filed before the court by the Stock broking firm, Longterm Global Capital seeking a sum of N50 billion damages against Stanbic/IBTC Bank Limited,over an alleged breach of contract agreement, and malicious publication of non existing indebtedness.


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