The National Commercial Bank’s application for leave to go to the Privy Council was this morning turned down by the Court of Appeal. NCB wanted to challenge the Court’s ruling that OLINT accounts should remain open.
Instead, the court has directed NCB to return to the Supreme Court and seek to have a speedy trial. The Court also said that the accounts should remain open until the civil case is dealt with.
This is another blow for NCB in their quest to close OLINT three(3) accounts, while this is some good news for OLINT and its investors.