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ALFRED AJAO & ORS v. UNILORIN MICROFINANCE BANK LIMITED

(2018) JELR 38338 (CA)

Court of Appeal  •  CA/IL/20/18  •  27 Aug 2018  •  Nigeria

Coram
CHIDI NWAOMA UWA JCA; HAMMA AKAWU BARKA JCA; BOLOUKUROMO MOSES UGO JCA;

Judgement

CHIDI NWAOMA UWA, J.C.A. (Delivering the Leading Judgment): The appeal is against the judgment of the High Court of Kwara State, granting the reliefs sought by the Respondent as claimant under the undefended list procedure, delivered on the 14th day of December, 2017. The suit instituted under the Kwara State High Court (Civil Procedure) Rules 2005, sought the following reliefs:

(1) An order of this honourable Court mandating the defendants to pay to the claimant the sum of N4,751,464,78 (Four Million Seven Hundred and Fifty One Thousand Four Hundred and Sixty Four, Seventy Eight Kobo) only being the outstanding debt of the Defendants to the claimant.

(2) An order of this honourable Court directing the Defendants to pay 10% (Ten Percent) annually of the sum of N4,751,464.78 (Four Million Seven Hundred and Fifty One Thousand Four Hundred and Sixty Four Naira Seventy Eight Kobo) or whatever is the judgment sum from the date of judgment of this matter till the final liquidation sum.

(3) And…

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