Thus, was the Appellant shown to have been responsible for the misleading by misrepresenting Exhibit A as the private placement documents to the 1st 4th Respondents and making them to purchase the shares of the 5th Respondent? To answer this question one must first consider whether or not the 1st 4th Respondents waived their right to be given Exhibit B by the Appellant? In law, persons such as the 1st 4th Respondents who have not been shown to be under any legal disability ought ordinarily to be the best judges of their own interest and thus if they are shown to have the full knowledge of what they were entering into with the Appellant in respect of the shares of the 5th Respondent and proceeded to its conclusion. Then they could be said to have waived their right and to hold their peace forever and thus cannot be heard to complain thereafter. However, if they were not given the opportunity of the full knowledge of facts and circumstances surrounding the private placement of shares of the 5th Respondent and had been goared on by the Appellant and its staff as they had alleged into buying the shares of the 5th Respondent without full disclosure or upon concealment then they could not be said to have waived their right.
— B.A. Georgewill JCA. Stanbic IBTC Bank Plc V. Longterm Global Capital Limited & Ors. (CA/L/427/2016, 9 Mar 2018)