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OLAM (NIGERIA) LIMITED v. INTERCONTINENTAL BANK LIMITED

(2009) JELR 42116 (CA)

Court of Appeal  •  CA/L/497/03  •  6 Jul 2009  •  Nigeria

Coram
RAPHAEL CHIKWE AGBO JCA; REGINA OBIAGELI NWODO JCA; ADAMU JAURO JCA;

Judgement

HON. JUSTICE REGINA OBIAGELI NWODO, J.C.A. (Delivering the Leading Judgment): The Plaintiff now Appellant commenced an action by writ of summons in the High Court of Lagos State against the Defendant now Respondent. In the further Amended Statement of Claim the plaintiff's claim against the Defendant reads as follows:

WHEREOF the Plaintiff claims against the Defendant as follows:

(A) The total sum of N151,204,522.50 (One Hundred and Fifty-One Million, Two Hundred and Four Thousand, Five Hundred and Twenty-Two Naira, Fifty Kobo) being the damages suffered by the Plaintiff as a result of the Defendant's wrongful/negligent collection of cheques marked "none negotiable" and "account payee only" totaling the sum of N151,204,522.50 (One Hundred and Fifty-One Million, Two Hundred and Four Thousand, Five Hundred and Twenty-Two Naira, and Four Thousand, Five Hundred and Twenty-Two Naira, Fifty Kobo) issued by Nigerian Bottling Company Plc for the account of PACERS's escrow account"

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