Nigeria, June 2 -- The Supreme Court on Monday dismissed a suit challenging the merger between Providus Bank Limited and Unity Bank Plc, bringing an end to legal disputes over the consolidation of the two financial institutions.

A five-member panel of the court, in a unanimous judgement, dismissed the appeal seeking to upturn the judgement of the Court of Appeal.

In the judgement delivered by judge Tijani Abubakar in appeal, the court held that the appeal lacked merit and ordered the appellants to pay N10 million in costs to each respondent.

Beyond dismissing the appeal, the Supreme Court invoked Section 22 of the Supreme Court Act to directly sanction the merger, effectively clearing the way for the transaction to proceed without furt...