JOSEPH OLUBUNMI KAYODE OYEWOLE, J.C.A. (Delivering the Leading Judgment): This is an appeal against the decision of the Federal High Court, Lagos Judicial Division, holden at Lagos, delivered on the 28th day of September, 2016 by BUBA, J.
Following the failure of the Appellant to settle outstanding invoices in respect of oil well drilling services rendered to it by the Respondent, the Respondent initiated proceedings at the trial Court under the undefended list procedure wherein it sought the following reliefs:
a. Judgment in the sum of $11,824,586.86 USD being due but unpaid invoices delivered to the defendant by the plaintiff in respect of oil well drilling services rendered to the defendant at its oil well known as ORIRI 2 WELL in Bayelsa State of Nigeria.
b. Interest at the rate of 15% per annum, in accordance with Clause 16.10 of the Service Contract between the parties on the sum of $11,824,586.86 USD from 1st March 2016 until the whole judgment is fully liquidated.
c. Cost of this …