The Lagos State High Court has dismissed the lawsuit filed by FHT Mega Express Limited against Parallex Bank, ordering the company to publish the court’s decision in three national newspapers, according to the Certified True Copy (CTC) of the judgment obtained today.
Justice A.T. Muyideen of the Ikeja Judicial Division, in a ruling delivered on 18 November 2025, struck out Suit No. LD/ADR/6143/2025, in which FHT Mega Express claimed that Parallex Bank was indebted to it.
The company had initially sought ex-parte orders to attach the bank’s funds, but the court refused and directed that Parallex Bank be formally served.
Upon being served, Parallex Bank, through its senior counsel Dr. Kemi Pinheiro SAN, filed multiple responses, including a preliminary objection on 17 November 2025, arguing that the suit amounted to an abuse of court process.
Records from the certified judgment revealed that Parallex Bank had earlier filed Suit No. FHC/L/CS/1774/2025 at the Federal High Court on 4 September 2025, seeking to recover over N4.5 billion allegedly owed by FHT Mega Express.
The Federal High Court had ordered parties to maintain the status quo, a fact that FHT Mega Express reportedly failed to disclose before initiating the Lagos High Court action.
The bank contended that FHT Mega Express attempted to secretly obtain ex-parte orders to freeze Parallex’s funds despite being aware of the ongoing Federal High Court proceedings.
Facing a strong objection and a failed ex-parte bid, FHT Mega Express applied on 18 November 2025 to discontinue the case.
