N5bn Libel Suit: Court frees THISDAY, Diamond Bank

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An FCT High Court, in Kubwa on Monday, dismissed a N5 billion libel suit filed by a Chartered Accountant, Nixon Alanza, against THISDAY Newspaper Limited and Diamond Bank PLC.

Delivering judgment, Justice Bello Kawu, held that the plaintiff did not provide enough evidence for libel and dismissed the suit.
The plaintiff, through his lawyer, Blessing Timothy alleged that THISDAY made a publication titled ”Diamond bank-list of major delinquent debtors” in 2015 without justification or verification.
Timothy said the plaintiff’s name was stated with other persons as owing a term loan and lease finance facility of N181, 728, 381.55.

She held that the publication was totally false and defamatory saying that the plaintiff is neither a Director of Global Scansystems Limited as listed by the defendant nor has he ever guaranteed any loan owed to Diamond Bank.
The plaintiff however sought N5 billion for aggravated and general damages for libel and statutory interest of 10 percent per annum from the date of judgement until judgement debt is fully liquidated.
In its defence, THISDAY through its counsel, Frank Chude, said the Central Bank of Nigeria gave a directive for the bank to publish a list of delinquent debtors.

”THISDAY is bound to publish because it was a directive from a credible source, CBN and the newspaper is covered by qualified privilege which states that it owes a duty to publish so long as there is no malice.
”The public are interested in knowing what is going on, a qualified privilege avails publication without malice, ” Chude said. (NAN)

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