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JTCADS NIGERIA LIMITED & ANOR v. STANBIC IBTC BANK PLC

(2017) JELR 37628 (CA)

Court of Appeal  •  CA/E/222/2011  •  27 Feb 2017  •  Nigeria

Coram
AHMAD OLAREWAJU BELGORE JCA; FATIMA OMORO AKINBAMI JCA; PAUL OBI ELECHI JCA;

Judgement

AHMAD OLAREWAJU BELGORE, J.C.A. (Delivering the Leading Judgment): By a further further amended statement of claim, the Appellants herein, who were the Plaintiffs in the High Court of Anambra State, at the Onitsha Judicial Division (Now referred to as The Trial/Lower Court) claimed against the defendant (Now The Respondent) in the following terms:

a) The refund of the total sum of N772,766.74 made up of arbitrary, excess and unauthorized charges and excess charges on COT, overdraft interest etc. together with their accrued interests.

b) Payment to the Plaintiffs of any amount found due to them from the various sub-heads together with their accrued interest as pleaded in paragraph 13 supra for the period covered by the report and thereafter till judgment and full liquidation of the judgment debt.

c) Payment of interest at the rate of 21% from the inception of the account in February, 1998 on the said sum N772,766.74 until judgment and liquidation of the amount.

d) Interest at 10% from the …

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