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NIGERIA DEPOSIT INSURANCE CORPORATION v. GATEWAY PAPER PRODUCTS LIMITED & ANOR

(2018) JELR 42021 (CA)

Court of Appeal  •  CA/IB/317/2017  •  28 Feb 2018  •  Nigeria

Coram
CHINWE EUGENIA IYIZOBA JCA; HARUNA SIMON TSAMMANI JCA; NONYEREM OKORONKWO JCA;

Judgement

CHINWE EUGENIA IYIZOBA, J.C.A. (Delivering the Leading Judgment): This is an appeal against the Judgment of the Federal High Court Abeokuta Judicial Division in Suit No. FHC/AB/CS/16/12 delivered on the 26th day of March, 2014 Coram Ogunbanjo J.

The Appellant who was the Plaintiff at the lower Court in her Amended Statement of Claim dated 6th April 2013 claimed from the Respondents who were Defendants as follows:

(1) The sum of N330, 303, 269.32 (Three Hundred and Thirty Million, Three Hundred and Three Thousand, Two Hundred and Sixty Nine Naira Thirty Two Kobo) being the amount due and payable to the Plaintiff as a result of the numerous overdraft and credit facilities granted by City Express Bank Plc to the 1st Defendant and which sum remain outstanding.

(2) Interest on the said sum at 21 per cent per annum from 16th January 2006 until the date of judgment and thereafter at the same rate until the amount is fully and finally liquidated.

(3) The cost and other expenses incurred in the pr…

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