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Nairametrics
Home Sectors Legal & Regulations

Seven major court cases investors, businesses are monitoring closely in May

Emeka Onyeks by Emeka Onyeks
May 9, 2026
in Legal & Regulations, Sectors, Spotlight
Federal High Court, REA
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The Nigerian business and economic environment is often shaped by what transpires in the courtrooms.

As of early 2026, about 165,905 cases were pending across all Federal High Court divisions nationwide.

According to the Chief Judge of the Federal High Court, Justice John Tsoho, 44,650 of these cases were civil in nature, comprising issues bordering on loans, oil disputes, financial services matters, shareholder return disputes, among others.

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About 5,818 criminal cases, including money laundering cases, were pending as of early 2026.

Judicial pronouncements on corporate matters not only enrich jurisprudence, but they can also affect how investors and stakeholders make financial decisions.

For instance, the Federal High Court in Abuja recently rejected a suit seeking to restrain the Federal Competition and Consumer Protection Commission (FCCPC) from probing alleged medical negligence complaints by patients.

Days later, the FCCPC and the National Agency for Food and Drug Administration and Control (NAFDAC) signed a fresh Memorandum of Understanding (MoU) to cooperate on the faster resolution of consumer complaints.

According to court cause lists and hearing dates disclosed to Nairametrics by legal teams, a number of corporate cases are pending that could impact businesses and corporate life.

Here is a breakdown of corporate cases and their proceeding dates: 
Jump to section

7. Nigerian Insurers Association (NIA) and 17 insurance companies vs House of Representatives and Others 

  • 7. Nigerian Insurers Association (NIA) and 17 insurance companies vs House of Representatives and Others 
  • 6. Global Gas vs Shell 
  • 5. FIRS vs Binance 
  • 4. EFCC vs Binance 
  • 3. EFCC vs Ex-Minister of Power, Saleh Mamman 
  • 2. EFCC vs Abubakar Malami and Others 
  • 1. EFCC vs Ex-Minister Sadiya Umar-Farouq 

Professor Taiwo Osipitan, SAN, lead counsel for the insurers, sued the Speaker, House Committee on Capital Markets and Institutions Chairman, Hon. Kwamoti B. Laori, and Hon.

Bob Solomon, maintaining that his clients are privately funded entities conducting insurance business under the supervision of executive agencies — including the National Insurance Commission (NAICOM), the Corporate Affairs Commission (CAC), and the Federal Inland Revenue Service (FIRS) — and not the House of Representatives.

The Speaker had urged the court to dismiss a restraining suit filed by the Nigerian Insurers Association (NIA) and 17 insurance companies over the ongoing probe into alleged N98.4 billion liabilities involving non-government-funded insurance firms in Nigeria.

The legal response followed a temporary restraining order earlier granted by the court, stopping the House from summoning the NIA and the 17 insurers in connection with the probe, pending the hearing of the substantive suit.

The next hearing date is May 13, 2026.

Jump to section

7. Nigerian Insurers Association (NIA) and 17 insurance companies vs House of Representatives and Others 

  • 7. Nigerian Insurers Association (NIA) and 17 insurance companies vs House of Representatives and Others 
  • 6. Global Gas vs Shell 
  • 5. FIRS vs Binance 
  • 4. EFCC vs Binance 
  • 3. EFCC vs Ex-Minister of Power, Saleh Mamman 
  • 2. EFCC vs Abubakar Malami and Others 
  • 1. EFCC vs Ex-Minister Sadiya Umar-Farouq 
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Emeka Onyeks

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