judy.legal
Login Register

CHRISBROS CO. NIG. LTD. v. ECO BANK NIG. PLC.

(2011) JELR 33916 (CA)

Court of Appeal  •  CA/PH/220/2005  •  11 Apr 2011  •  Nigeria

Coram
ABUBAKAR JEGA ABDUL-KADIR JCA; HELEN MORONKEJI OGUNWUMIJU JCA; MOJEED ADEKUNLE OWOADE JCA;

Judgement

ABUBAKAR JEGA ABDUL-KADIR, J.C.A.(Delivering the Leading Judgment): This is an appeal by the Appellant against the Judgment of Hon. Justice I.N. Akomas, sitting at Abia State High Court, Aba Judicial Division, delivered on 27th day of November, 2001 on the undefended Suit brought under Order 23 Rule 1 of the High Court (Civil Procedure) Rules 1988.

The Plaintiff/Respondent herein filed the Suit on the undefended list on 20/7/2001 at Abia State High Court, Aba before Hon. Justice I.N. Akomas for the sum of N5,545,692.07 (Five Million, Five Hundred and Forty Five Thousand, Six Hundred and Ninety-Two Naira, Seven Kobo) being unpaid loan with accrued compound interest rate of 26.5% per annum of the sum of N1,000,000.00 (One Million Naira) being loan/over draft. Facility granted to the Appellant on 14th April, 1998 as at 31st January, 2001. Payment of the agreed compound interest rate at 26.5% per annum from 31/1/2001 until Judgment is delivered and payment of the agreed rate 26.5% per ann…

There's more. Sign in to continue reading

JUDY 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