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ASSET MANAGEMENT CORPORATION OF NIGERIA v. OGAI INVESTMENT COMPANY LIMITED & ANOR

(2017) JELR 38200 (CA)

Court of Appeal  •  CA/IL/70/2016  •  2 Mar 2017  •  Nigeria

Coram
MOJEED ADEKUNLE OWOADE JCA; CHIDI NWAOMA UWA JCA; HAMMA AKAWU BARKA JCA;

Judgement

MOJEED ADEKUNLE OWOADE, J.C.A. (Delivering the Leading Judgment): This is an Appeal against the decision of R. N. OFILI AJUMOGOBIA J. sitting at the Federal High Court Ilorin, delivered on 14th June, 2016.

The Appellant as Claimant by its General Claim Form and Statement of Claim dated 14-12-2015, at the lower Court sought the following reliefs against the Respondents.

3(a) AN ORDER granting judgment against the Defendants in the sum of N31,524,143.25 (Thirty one million, five hundred and twenty four thousand, one hundred and forty three Naira, Twenty Five Kobo) being the debt owed the Claimant by the Defendants as at 22nd June, 2015.

(b) Interest at the rate of 15% per annum on the judgment sum against the Defendants with effect from 22nd June, 2015.

(c) Interest at the rate of 15% per annum on the judgment sum against the Defendants from the date of Judgment till liquidation.

(d) A DECLARATION that the Third Party Legal Mortgage created on the 2nd Defendants property crystallized upon th…

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