Tuesday, September 29, 2026

APC presidential aspirant sues CBN, UBA, GTBank, Zenith for £990 trillion damages

Mr Omosebi, who sought a 10 per cent interest on the total recoverable amount, urged the court for N5 million as the cost of filing the suit.

• January 21, 2025
CBN, GTBank, Tunde Omosebi, Zenith, UBA
CBN, GTBank, Tunde Omosebi, Zenith, UBA

Tunde Omosebi, a former APC presidential aspirant in the 2023 election, has sued the Central Bank of Nigeria and others for £990 trillion in damages for violating his fundamental rights.

Mr Omosebi, in the suit filed before Justice James Omotosho of the Federal High Court, Abuja Division, also asked the court for an order converting the CBN to a Reserve Bank of Nigeria.

He also urged the court to order commercial banks involved in the alleged financial irregularities operating and contributing to the disadvantaged economy to be converted to ‘DRIG BANK’ at the Corporate Affairs Commission.

He equally sought exemplary damages of £99 trillion against the defendants.

Mr Omosebi, who sought a 10 per cent interest on the total recoverable amount, urged the court for N5 million as the cost of filing the suit.

He urged the court to grant his relief over the alleged traumatic torture he went through and in line with the Fundamental Rights (Enforcement Procedures) Rules 2009 as guaranteed by the 1999 Constitution (as amended).

In the suit marked FHC/ABJ/CS/766/2024, the plaintiff named CBN, United Bank for Africa, Guarantee Trust Bank, Zenith Bank, the Senate, and the House of Representatives as first to sixth defendants, respectively.

The claimant, who listed other banks in the suit, also sued the Ministry of Finance as the seventh defendant.

The suit was filed pursuant to Order, Rules 1, 2, 3, & 5 of the Fundamental Rights (Enforcement Procedure) Rules 2009; Sections 34(1)(a), 35(1), 36(1), 41(1), 46(1)-(3) of the 1999 Constitution (as amended) and under the inherent jurisdiction of the court.

In the affidavit he personally deposed to, the applicant described himself as a businessman and politician.

Mr Omosebi also described himself as the chairman of the Federation Executive Council and the prime minister of the Federal Republic of Nigeria.

According to him, the applicant gets paid based on his role, projects and contracts executed by his businesses, and his investment portfolio as contained in the corporate resolution.

He alleged that the defendants breached the assembly industrial agreement/arrangement and denied him his Fundamental Right (Enforcement Procedure) Rule 2009, Sections 35, 43, 45, and Fundamental Objectives and Directives of State Policy 14(2)(b), 16(1)(a-b).

Justice Omotosho fixed February 5 for the hearing.

(NAN)

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