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CORPORATE IDEAL INSURANCE LIMITED V. AJAOKUTA STEEL COMPANY LIMITED & ORS

(2014) JELR 42239 (SC)

Supreme Court  •  SC.138/2004  •  14 Feb 2014  •  Nigeria

Coram
JOHN AFOLABI FABIYI JSC; BODE RHODES-VIVOUR JSC; MARY UKAEGO PETER-ODILI JSC; MUSA DATTIJO MUHAMMAD JSC; JOHN INYANG OKORO JSC;

Appearances
A. M. Kayode Esq., with N. C. Abueh (Miss) and Phoebe Egbele, (Miss) For Appellant Chief E. K. Ashiekan Esq., with Victor Lorshenge Esq., Yinusa Umaru Esq, for the 1st Respondent.R. C. Chris Garba (Mrs) with Ndidi Akobundu Esq., and Abraham Omah, Esq., for the 2nd Respondent.Fred Onuobia Esq., with Obinna Ogwuagwu for the 3rd Respondent. For Respondent

Judgement

JOHN INYANG OKORO, JSC (Delivering the Leading Judgment): The Appellant herein, as Plaintiff at the Federal High Court, sitting at Abuja, by a writ of summons and statement of claim dated 18th December, 2000, claimed against the Respondents as follows:

"i. A Declaration that the Plaintiff is legally entitled to the sum of ₦226,000,000.00 specifically appropriated, set aside and earmarked for payment to the Plaintiff as arrears of insurance premium in accordance with the provisions of the Appropriation Act, 2000.

ii. An Order of perpetual injunction restraining the Defendants whether by themselves, their agents, servants, and or privies howsoever from transferring, spending for any other purpose, virement of, misapplying, misusing, diverting, wasting, diminishing, lapsing, retiring or causing to lapse the sum of ₦226,000,000.00 as the said sum has been specifically appropriated in the APPROPRIATION ACT 2000 for payment of arrears of insurance premium owed the Plaintiff by the Defendant…

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