STANBIC IBTC BANK PLC V. LONGTERM GLOBAL CAPITAL LIMITED MR. PATRICK AKINKUOTU

SAULAWA JCA (Delivering the Lead Judgment): The instant appeal is a fall-out of the judgment of the Federal High Court, Lagos Judicial

Division, delivered on 6 December 2010, in suit No. FHC/L/1491/2009. By the said decision, the lower court coram C.E. Archibong J., granted some of the reliefs sought by the respondents in the writs of summons and the statement of claim thereof dated 23 December 2009. Being dissatisfied with the decision in question, the appellant filed the notice of appeal thereof, dated 7 December 2010, which is predicated upon a total of seven grounds. However, on 1April 2011, the appellant filed an amended notice of appeal , which was deemed properly filed on 5 July 2011, pursuant to the leave granted thereto by this court on that date.

Background facts:

The facts and circumstances surrounding the appeal are not far fetched. As gleanable from the records of appeal, the 1st respondent is a limited liability company with the registered head office thereof situate at…