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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

3. EFCC vs Ex-Minister of Power, Saleh Mamman 

  • 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 

Convicted by the Federal High Court on May 6 over N33 billion fraud charges, former Minister of Power, Saleh Mamman, is due for sentencing on May 13, 2026.

Central to the case is the alleged diversion of public funds from the Mambilla and Zungeru Hydroelectric Power Plant projects by the Federal Government of Nigeria.

The court confirmed that the ex-minister conspired with other ministry officials and some private companies to indirectly divert and convert about N22 billion through various private companies, in contravention of relevant laws.

The sentencing is expected to send signals to investors on how Nigerian courts treat large-scale corruption.

An arrest warrant has also been issued against him.

The Zungeru plant is Nigeria’s largest hydropower project and ranks among the biggest power initiatives in Africa to secure a preferential loan facility from the Export-Import Bank (Exim Bank) of China.

Jump to section

3. EFCC vs Ex-Minister of Power, Saleh Mamman 

  • 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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