The proprietor of Whiteplains British School has approached the Court of Appeal to challenge the judgment of the lower court over the tripartite legal mortgage agreement with First Bank of Nigeria Plc.
The school has been in the news lately over alleged attempt by the bank to take over the school, following the judgment given by Justice Binta Nyako of the federal high court, Abuja, on the crises.
The court in the said judgment, asked the parties to appoint a receiver while they make effort to reach an agreement on how to resolve the crises without resorting to closing the school in the interest of students. But the owners of the school however alleged that the bank acted in the contrary by attempting to shut down the school and disrupt academic activities.
The school also insisted that the documents used in obtaining the judgment were forged, and as such, has approached the Court of Appeal to challenge the judgment.
No date has been fixed for hearing on the appeal marked, CA/A/831/2018.
Meanwhile, the proprietor of the school, Dr. Francis Nwufoh, has distanced himself from the purported tripartite legal mortgage agreement on the N690million loan obtained by the school in 2014 from First Bank plc. Nwufoh revealed that the signatories to the tripartite agreement have all deposed to separate affidavits, denying knowledge of the said agreement, as according to him, documents used in preparing the purported agreement were allegedly forged.
He informed that with the said tripartite agreement, the bank secured an order of court to appoint a receiver in a bid to take over the school. Meanwhile, the school has filed a motion on-notice, asking the court to set aside the earlier judgment on the ground that it was allegedly obtained fraudulently.
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