Honourable Justice John Tsoho, the Chief Judge of the Federal High Court, has said that Judges should guard against delay in the dispensation of Justice.
He also maintained that inordinate delays culminating in backlog of cases constitute the greatest challenge before the Courts and this easily erodes public confidence in the Judiciary.
Justice Tsoho made this statement during a keynote speech at the 2023 sensitization seminar hosted by the Nigeria Deposit Insurance Corporation (NDIC) for Federal High Court Judges in Uyo on a Thursday.
He underscored that the failure of a bank has far-reaching consequences, impacting a significant portion of the economy. He also pointed out that the downfall of a financial institution can result in a decrease in money supply, contributing to an increase in unemployment.
In his words “Loss of confidence in the justice sector is a recipe for anarchy.a Strengthening depositors’ confidence in Banks and other financial institutions through speedy dispensation of Justice remains a vital part of ensuring financial stability.
“Inordinate delays culminating in backlog of cases constitute the greatest challenge before the Courts and this easily erodes public confidence in the Judiciary. Judges must seriously guard against avoidable delays in the dispensation of Justice.
“The importance of this seminar to train Judges of the Federal High Court on Deposit Money Insurance as drawn out from the theme of the seminar, “Strengthening depositors’ confidence in Banks and other financial institutions through speedy dispensation of Justice”, cannot be over-emphasized at this time.
“On the one hand, assurances of confidence and trust is necessary to assuage growing and strident fears by depositors about internet fraud, insider dealings, and tampering with depositor’s money, mismanagement, security of such monies and items of value and other deposits in the custody of the Banks and other financial institutions”