GEEPEE INDUSTRIES NIGERIA LIMITED & ANOR V. THE MV "KOTA MANIS" & 4 ORS

STEPHEN JONAH ADAH, JSC (Delivering the leading judgment): This appeal is against the decision of the Court of Appeal, Lagos Judicial Division in Appeal No: CA/L/103/2014, delivered on the 2nd day of February, 2018. The lower court, in its decision, upheld the appeal of the respondents herein who were the appellants before the lower court against the ruling of the trial court delivered on the 3rd day of October, 2013, in Suit No. FHC/L/CS/427/2013.

The appellants who were the plaintiffs before the trial court by their Writ of Summons taken out on 3rd April, 2013, sought the following reliefs against the defendants now respondents jointly and severally thus:

"A. Liquidated Damages in the sum of N94,045,146.97 being direct losses sustained by the 1st Plaintiff as a result of the fire incident on board the 1st Defendant as follows:

Direct cost of 800 drums of DOP (CFR) N49,476,784.0

Insurance Amount …