judy.legal
Login Register
📄 PDF

OBICHI INVESTMENT & MANAGEMENT CONSULTANT LIMITED V. OLUCHUKWU MICRO FINANCE BANK

(2018) JELR 39317 (CA)

Court of Appeal  •  CA/E/256/2014  •  29 Mar 2018  •  Nigeria

Coram
IGNATIUS IGWE AGUBE JCA; JOSEPH TINE TUR JCA; RITA NOSAKHARE PEMU JCA;

Appearances
P. U. Onwuakpa, Esq. For Appellant Obi Anizoba, Esq. (JP) For Respondent

Judgement
<p>RITA NOSAKHARE PEMU, J.C.A. (Delivering the Leading Judgment): This appeal is against the judgment of the Onitsha High Court of Anambra State, delivered on the 19th day of March, 2014 in suit No. 0/175/2009.</p><p>CONCISE FACTS</p><p>The suit, the subject matter of this appeal was instituted by writ of Summons dated 14th of May 2007 - Page 1 of the Record of Appeal.</p><p>In the amended statement of claim filed on the 9th of May 2012 Paragraph 19 thereof the plaintiff (Respondent in the present Appeal) claims against the defendants (Appellants in the present Appeal) as follows:-</p><p>1) The sum of the 22, 947, 144.56 being debit balance as at March 2009 in the overdraft facility the Plaintiff granted to the Defendant in Account No. 01011020000257 the Defendant has in the Plaintiffs bank.</p><p>2) 21% interest on 22,947, 144.56 from 1st April 2009 up to the date of Judgment.</p><p>3) 5% interest from the date of judgment until the judgment debt is liquidated.</p><p>Pages 117 119 of the Record of Appeal.</p><p>In paragraph 1 of the counter …</p>

There's more. Sign in to continue reading

judy.legal is the comprehensive database of case law and legislation from Ghana, Kenya and Nigeria. Gain seamless access to over 20,000 cases, recent judgments, statutes, and rules of court.


Get started   Login