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KEYSTONE BANK LIMITED v. MARKETING AND MEDIA LIMITED

(2016) JELR 47120 (CA)

Court of Appeal  •  CA/L/956/2012  •  13 Jul 2016  •  Nigeria

Coram
SIDI DAUDA BAGE JCA; JOSEPH SHAGBAOR IKYEGH JCA; ABIMBOLA OSARUGUE OBASEKI-ADEJUMO JCA;

Judgement
<p>ABIMBOLA OSARUGUE OBASEKI-ADEJUMO, J.C.A. (Delivering the leading : ): The Appellant filed this appeal against the judgment of K. A. JOSE, (Mrs.) J., of the Lagos State High Court Lagos delivered on 2nd May, 2012.</p><p>The suit in the lower Court was commenced by a Writ of Summons and Statement of Claim dated 6th May, 2009.</p><p>"i. The sum of N20,000,000.00 (Twenty Million Naira) as damages for breach of contract.</p><p>ii. The sum of N10,000.000.00 (Ten Million Naira) as damages for loss of use of money at the said time.</p><p>iii. 21% interest on the money in the Claimant's account from October, 2008 until same is paid.</p><p>iv. A declaration that the deduction of N869,541.25 from the Claimant's account without its consent is unauthorized, is illegal.</p><p>v. N1,000.000.00 (One Million Naira) being cost of this litigation."</p><p>The contention in this matter was that Respondent operated an account Number 1501000036 with Appellant's Bode Thomas Branch, Surulere for the purpose of its business and had a credit of N8,000.…</p>

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