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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

4. EFCC vs Binance 

  • 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 

Nigeria’s Economic and Financial Crimes Commission (EFCC) is prosecuting cryptocurrency platform Binance on pending criminal charges bordering on alleged conspiracy to conceal the origin of proceeds of alleged unlawful activities in Nigeria, including $35.4 million.

A Central Bank of Nigeria (CBN) official, Dr. Olubukola Akinwunmi, Director of Banking Supervision, recently concluded his testimony against Binance as an EFCC witness.

The case was adjourned to May 15, 2026, for continuation of the trial.

Jump to section

4. EFCC vs Binance 

  • 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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