BEFAREEN PHARMACY LIMITED V. AFRICAN INTERNATIONAL BANK LIMITED
(2005) JELR 45173 (CA)
Court of Appeal
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CA/E/98/99
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14 Apr 2005
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Nigeria
Coram
JAMES OGENYI OGEBE JCA;
OLUFUNLOLA OYELOLA ADEKEYE JCA;
JA'AFARU MIKA'ILU JCA;
Appearances
E.O.C. Obidinma, Esq. For Appellant
P.A. Afuba, Esq. (with him, Anthonia Tabansi Okoye, [Mrs.]) - For Respondent
Judgement
<p>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.</p><p> The claim of the plaintiff - The African International Bank Ltd are as follows:</p><p> (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.</p><p> (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.</p><p> (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.</p><p> 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…</p>