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ADDISON UNITED NIGERIA LIMITED v. LION OF AFRICA INSURANCE LIMITED

(2010) JELR 33223 (CA)

Court of Appeal  •  CA/L/12/2007  •  7 Jul 2010  •  Nigeria

Coram
MONICA BOLNA'AN DONGBAN-MENSEM JCA; PAUL ADAMU GALINJE JCA; REGINA OBIAGELI NWODO JCA;

Judgement

REGINA OBIAGELI NWODO, J.C.A. (Delivering the Leading Judgment) The Appellant as Claimant in the High Court of Lagos State commenced an action against the Defendant now the Respondent by writ of summons filed on 28/6/02 wherein he claimed the sum of N23,207,250.00 (twenty three million, two hundred and seven thousand, two hundred and fifty naira) from the Defendant being the value of the goods damaged by fire which goods were insured with the Defendant under Fire and Special Perils Insurance Policy No. 59/4/424061/J and interest on the said sum at the rate of 21% per annum from 13th April 2001 till payment. The parties filed and exchanged pleadings. Each party called one witness at the end of which written submission were filed and adopted. In a considered judgment the learned Trial judge in the three Issues formulated for determination found under Issue 1 and 2 that the Claimant had insurable interest in the sunflower oil insured with the Defendant vide Exhibit 'P1' and that the cont…

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