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BEFAREEN PHARMACY LIMITED v. AFRICAN INTERNATIONAL BANK LIMITED

(2005) JELR 45173 (CA)

Court of Appeal  •  CA/E/98/99  •  14 Apr 2005  •  Nigeria

Coram
JAMES OGENYI OGEBE JCA; OLUFUNLOLA OYELOLA ADEKEYE JCA; JA'AFARU MIKA'ILU JCA;

Judgement

ADEKEYE, J.C.A. (Delivering the Leading Judgment): This is an appeal against the judgment of the Anambra State, High Court of Justice, Onitsha Judicial Division, delivered on the 30/4/99, in suit No.0/42/99.

The claim of the plaintiff - The African International Bank Ltd are as follows:

(a) The sum of N21,076,931.87 (Twenty-one million, Seventy Six Thousand, Nine hundred and Thirty-one Naira Eighty-Seven Kobo) being the outstanding balance of the overdraft and import loan facilities granted to the defendant by the plaintiff.

(b) Interest on the said sum of N21,076,93 1.87 at the rate of 21% per annum with monthly rests from the 1st day of November, 1998, until the date of judgment.

(c) Interest at the rate of 5% per annum on the judgment debt from the date of judgment until the entire sum is finally liquidated.

The plaintiff filed an affidavit in support of the foregoing particulars to which were annexed eleven documents marked as exhs. A, B, B1, C, D1, D2, D3, E and F respectively. T…

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