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RIDA NATIONAL PLASTICS LIMITED v. ARTEE INDUSTRIES LIMITED

(2017) JELR 37588 (CA)

Court of Appeal  •  CA/L/98/2012  •  17 Mar 2017  •  Nigeria

Coram
MOHAMMED LAWAL GARBA JCA; TIJJANI ABUBAKAR JCA; ABIMBOLA OSARUGUE OBASEKI-ADEJUMO JCA;

Judgement

MOHAMMED LAWAL GARBA, J.C.A. (Delivering the Leading Judgment): By a writ of summons and statement of claim dated the 29th April, 2009, the Appellant had sued the Respondent before the High Court of Lagos State for the following claims: -

"The Claimant claims are here below particularized:-

(a) Two years rent from 1st February 2007-31st January, 2009 as per Sublease Agreement is N9, 581,760 less N1, 249,920 credit to the 31st January 2007 is - N8, 331,840

(b) 21% interest per annum thereon from 1st February 2007 to - N3, 499,372.80

(c) Rent payable for 1st February, 2009 to 31st January, 2011 as per agreement is N9,581,760 plus 15% increase = N11, 019,024

(d) Rent for 40 days based on the (c) above is N11, 019,024/365 = N30, 189.2 per day x 40 days period of holding over = N207, 564:20

Grand Total = N13, 038,77;00."

These claims arise from a sublease agreement between the parties, dated the 19th December, 2000 in respect of the Appellant's property at plot 8 Ilupeju Industrial Estate, Stateā€¦

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