Leadership (Abuja)
13 August 2008
For the first time in 40 years of Company Law Enactment in Nigeria (1968-2008), a Federal High Court, Lagos, has lifted the veil of incorporation of City Express Bank Plc and held the directors liable without limit for the debts and other liabilities of the bank, pursuant to Section 506 of Companies and Allied Matters Act, 1990 (CAMA).
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