CBN’s legal team, led by Fabian Ajogwu, a Senior Advocate of Nigeria , opposed Mr Onyegbado’s claims. They prayed the court to, among others, dismiss the suit for lack of jurisdiction.
The judge noted that the Black’s Law Dictionary defined ‘good faith’ as “faithfulness to one’s duty or obligation, observance of reasonable commercial standards of fair dealing in a given trade or business, absence of intent to defraud or seek an unconscionable advantage.” “I have once again examined the circular and the cashless policy prescribed in it. It is obvious that the aims and purpose behind the decision of the defendant accord with the definition given to the phrase ‘good faith’ in the Black’s Law Dictionary.
Source: Law Daily Report (lawdailyreport.net)
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