Supreme Court dismisses appeal against Providus, Unity Banks’ merger

The Supreme Court has dismissed an appeal aimed at dissolving the merger between Providus Bank Limited and Unity Bank Plc. The decision was reached by a five-member panel, which delivered a unanimous judgment led by Justice Tijani Abubakar. The court found that the appeal, which sought to overturn a previous ruling by the Court of Appeal, lacked merit and therefore upheld the merger. This ruling signifies a legal endorsement of the consolidation between the two banking institutions.

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