A five-man panel of justices of the apex court, presided by Justice Aminat Augie had adjourned the case for judgment after lawyers for parties adpoted their various briefs and written addresses before the court.
The investors through the human rights activist, Debo Adeleke, had prayed the Supreme Court to compel the CBN to release the money trapped in its coffer. In 2008, the Securities and Exchange Commission had secured two Investment and Securities Tribunal judgments against the oil company, categorised as ‘Wonder Bank’, for ‘operating illegally and for engaging in collective financial scheme without SEC approval.
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