A three-man panel of judges headed by Justice Ibrahim Salauwa on Wednesday, November 16, reserved the judgment.
Jegede is seeking to be re-listed as the PDP candidate in the November 26 election.
A three-man panel of judges headed by Justice Ibrahim Salauwa on Wednesday, November 16,reserved the judgment after arguments were adopted by counsel to parties.
"Now that counsel to parties have concluded arguments on this appeal, the judgment is reserved. Parties would be informed when we are ready", the judge said.
The News Agency of Nigeria (NAN), reports that Jegede had challenged the ruling by Justice Okon Abang ordering INEC to recognise Jimoh Ibrahim as the PDP candidate for the election.
The appellate court had on November 10 granted Jegede leave to appeal the decision of the Federal High Court Abuja.
Earlier, Chief Wole Olanipekun (SAN), counsel to Jegede prayed the court to set aside the ruling of the lower court, adding that it was given in bad light.
Olanipekun also said the court should order the reinstatement of his client as the authentic candidate of the party to contest the election.
According to him, Jegede is the candidate that emerged from the party’s primary conducted in Akure.
He said Jimoh Ibrahim’s name was submitted and immediately recognised by INEC following the ruling of the lower court.
However, Mr Beloulisa Nwafor (SAN), counsel to Biyi Poroye, Chairman of the Ondo State Chapter of PDP and eight others, told the court that it lacks jurisdiction to hear the appeal.