judy.legal
Login Register

AFRICAN CONTINENTAL BANK PLC V. DAMIAN IKECHUKWU NWAIGWE & 2 ORS

(2011) JELR 87220 (SC)

Supreme Court  •  (SC. 35/2001)  •  14 Jan 2011  •  Nigeria

Coram
ALOMA MARIAM MUKHTAR                                                         JUSTICE, SUPREME COURTWALTER SAMUEL NKANU ONNOGHJEN                                        JUSTICE, SUPREME COURTFRANCIS FEDODE TABAI                                                              JUSTICE, SUPREME COURTIBRAHIM TANKO MUHAMMAD                                                     JUSTICE, SUPREME COURT MUHAMMAD SAIFULLAH MUNTAKA-COOMASSIE             JUSTICE, SUPREME COURT

Judgement

WALTER SAMUEL NKANU ONNOGHEN. JSC,

JUDGMENT

This is an appeal against the judgment of the Court of Appeal Holden at Jos in appeal NO.CA/J/13/98 delivered on the 12h day of July 1999 in which the court dismissed the appeal of the appellant and affirmed the judgment of the High Court of Adamawa State, sitting in its appellate jurisdiction) in suit NO. ADSY/28A198 delivered on the 4th day of December, 1996. The facts of the case include the following: Sometime in 1993, a company known as Road Construction Company of Nigerian Limited, based in Numan went into liquidation as a result of which its equipments were put up for sale, The 1st respondent, a customer of the appellant at its Yola Branch, obtained a loan of N1.5millon (N1, 500,000,00) from the appellant for the purchase of the equipments of the liquidated company out of which the sum of N1million (N1,000,000.00) was paid over to the said company while the balance of five hundred thousand naira (N500,000.00) was allegedly shared by off…

There's more. Sign in to continue reading

judy.legal is the comprehensive database of case law and legislation from Ghana, Kenya and Nigeria. Gain seamless access to over 20,000 cases, recent judgments, statutes, and rules of court.


Get started   Login