A Federal High Court in Lagos has further reserved ruling till May 27, 2015, on the preliminary objection filed by the founder, Living Faith Church, a.k.a. Winners’ Chapel, Bishop David Oyedepo, against the N1.86bn claim by a stock brokerage firm.
The firm, Valueline Securities and Investment Limited and its Managing Director, Samuel Enyinnaya, had sued Oyedepo for alleged breach of contract in a N9bn stock market deal.
Also joined in the claim are Oyedepo’s family, his book publishing company, the Winners’ Chapel and the Nigerian Stock Exchange.
The plaintiffs particularly accused the NSE of being biased in its investigations into the N9bn business dispute.
But Oyedepo, through his lawyer, Mr. Chioma Okwuanyi, had urged the court to discountenance the plaintiffs’ claims and to decline jurisdiction over the case which was a fallout of capital market transaction.
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