CONTRACT RESOURCES NIGERIA LIMITED V. STANDARD TRUST BANK LIMITED
(2013) JELR 36094 (SC)
Supreme Court
•
SC.113/2003
•
8 Feb 2013
•
Nigeria
Coram
IBRAHIM TANKO MUHAMMAD JSC
MARY UKAEGO PETER-ODILI JSC
OLUKAYODE ARIWOOLA JSC
CLARA BATA OGUNBIYI JSC
KUMAI BAYANG AKAAHS JSC
Appearances
Appellant not in court also not represented;
O. U. Inneh Esq. with Oluwatosin Adisa Esq. For the Respondent.
Judgement
<p><br></p><p><strong>CLARA BATA OGUNBIYI, J.S.C. (Delivering the Leading Judgment): </strong>This appeal stems from the interlocutory Ruling by the Court of Appeal, Enugu Division dated 25th April, 2001 wherein the conditions for the stay of execution of judgment of the High Court Enugu State delivered on 11th October, 1999 were varied. The said judgment at pages 96 and 97 of the record of appeal is in the following terms:-</p><p> "The court hereby entered judgment in favour of the plaintiff as follows:-</p><p> (1) The defendant is to pay to the plaintiff the sum of β¦45,178,570.03 being the value of Bank Draft No. 48356 dated 18/8/99 due to the Plaintiff.</p><p> (2) The Defendant is also to pay to the plaintiff 20% interest on the sum with effect from 20th August, 1999, till payment is fully liquidated.</p><p> (3) The Defendant is also to pay the plaintiff the sum of β¦5,000.00 costs inclusive of out of pocket expenses."</p><p> It is pertinent to recast that the judgment resulting this appeal was obtained by the appellant as the plaintiff against thβ¦</p>