judy.legal
Login Register

SOLAR ENERGE ADVANCED POWER SYSTEM LTD v. MR. ALBERT OLUWATOYIN OGUNNAIKE & ANOR

(2008) JELR 46821 (CA)

Court of Appeal  •  CA/L/80/2004  •  27 May 2008  •  Nigeria

Coram
ISA AYO SALAMI JCA; RAPHAEL CHIKWE AGBO JCA; REGINA OBIAGELI NWODO JCA;

Judgement

ISA AYO SALAMI, J.C.A., :(Delivering the Leading Judgment): The plaintiff brought an action at the Lagos State High Court of Justice, sitting at Ikeja against Payless 2 Industrial and Commercial Services Limited, Mr. Vijay Mclwani, Mr. Albert Ogunnaike, United Bank for Africa Plc, respectively as first, second, third and fourth defendants claiming as per its writs of summons as follows-

(a) The sum of N863,740.00 (EIGHT HUNDRED AND SIXTY THREE THOUSAND SEVEN HUNDRED AND FORTY NAIRA ONLY) BEING THE SUM OWED THE PLAINTIFF BY THE DEFENDANTS, REPRESENTING VALUE OF GOODS TO WIT SOLAR PANEL/VENRNER 7 INVERTER GENERATORS AND PV MODULES SUPPLIED BY THE PLAINTIFF TO THE DEFENDANTS AS AT JULY 2000.

(b) INTEREST ON THE AFORESAID SUM OF N846,950.00 (EIGHT HUNDRED AND FORTY SIX THOUSAND AND NINE HUNDRED AND FIFTY NAIRA ONLY) AT THE RATE OF 2.25%PER MONTH UNTIL THE AS AGREED FROM AUGUST, 2000 UP TILL DATE JUDGMENT AND THEREAFTER AT THE RATE OF 15% PER ANNUM UNTIL THE ENTIRE JUDGMENT DEBT IS LIQUIDA…

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