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FIRST BANK (NIG) PLC v. CHIEF CHARLES ORAKWUE AZIFUAKU

(2016) JELR 37047 (CA)

Court of Appeal  •  CA/E/59/2007  •  4 Feb 2016  •  Nigeria

Coram
MASSOUD ABDULRAHMAN OREDOLA JCA; EMMANUEL AKOMAYE AGIM JCA; MISITURA OMODERE BOLAJI-YUSUFF JCA;

Judgement

MISITURA OMODERE BOLAJI-YUSUFF, J.C.A. (Delivering the Leading Judgment): The 1st respondent is the director of the 2nd respondent. The 3rd respondent is an employee of the 2nd respondent. The respondents as the plaintiffs at the Court below instituted suit no. O/203/99 at High Court of Anambra State against the appellant herein and claimed the sum of Fifty Six Million, Eight Hundred and Forty-four thousand Four Hundred and Sixty Naira (N56,844,460:00) as special and general damages for alleged negligent action of the appellant. The summary of the respondents' case at the Court below is that they had a long standing relationship with the appellant as a result of which the respondents developed confidence in the defendant's ability to handle their remittances regarding business dealings with their associates in Hong-Kong. In the course of a transaction with their business associate in Hong-Kong, the 2nd respondent remitted a sum of twelve thousand US dollars (USD 12, 000, 00) to the 3r…

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