Appellant had obtained judgement against the 1st and 2nd respondents.

The judgement restrained respondents from disposing any of its assets.

The respondents were dissatisfied with the judgement and appealed to the Court of Appeal.

Respondents successfully applied to the Court of Appeal for an order of stay of execution of the judgement pending the determination of the appeal

Applicant then filed an application to join the Nigeria Deposit Insurance Corporation (NDIC) as a party to the proceedings, having been appointed as a liquidator of the 1st and 2nd respondents