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BISI ELUSHAKIN V. CHARKS INVESTMENT LIMITED

(2016) JELR 52763 (CA)

Court of Appeal  •  CA/L/885/2008  •  11 Mar 2016  •  Nigeria

Coram
CHINWE EUGENIA IYIZOBA JCA (Presided) ABIMBOLA OSARUGUE OBASEKI-ADEJUMO JCA JAMILU YAMMAMA TUKUR JCA (Read the Lead Judgment)

Judgement

TUKUR JCA (Delivering the Lead Judgment): The respondent as claimant in the lower court by a writ of summons and statement of claim dated 15 April 2004, claimed against the appellant as follows: The sum of N606,035.23 (six hundred and six thousand , thirty five naira and twenty-three kobo) being the interest on the sum of N3,463,058.53 (three million, four hundred and sixty-three thousand, fifty-eight naira and fifty-three kobo) at the rate of 21% perannum from 14 May 2003 to 12 February 2004.

The sum of N3,263,185.53 (three million, two hundred and sixty-three thousand, one hundred and eighty-five naira andfifty-three kobo) being the balance of the sum owed to the plaintiff, less the value of the recovered truck, plus other expenses incurred in recovering the truck from 12 February 2004.

Interest on N3,263,185.53 (three million, two hundred and sixty-three thousand, one hundred and eighty-five naira and fifty-three kobo) at the rate of 21% per annum from 13 February 2004 until final …

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