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CHIEF VICTOR EDEMA VOWA v. FIRST BANK OF NIGERIA PLC

(2016) JELR 36891 (CA)

Court of Appeal  •  CA/L/100M/2011  •  24 May 2016  •  Nigeria

Coram
SAMUEL CHUKWUDUMEBI OSEJI JCA; ABIMBOLA OSARUGUE OBASEKI-ADEJUMO JCA; JAMILU YAMMAMA TUKUR JCA;

Judgement

ABIMBOLA OSARUGUE OBASEKI-ADEJUMO, J.C.A. (Delivering the Leading Judgment): This is an appeal against the judgment of O. A. TAIWO J. of Lagos State High Court delivered on 31st August, 2010 wherein Appellant as Claimant at the Lower Court claimed for the following reliefs:

(a) The Sum of N2.5 Million (Two Million and Five Hundred Thousand Naira) Only being actual and anticipated loss attributable to the failure and to neglect of the defendant acting through its Sapele branch in remitting the sum of N80,000.00 (Eighty Thousand Naira) payable to Chartered Bank PLC (now merged to IBTC Chartered Bank Plc) in December, 2001 to purchase shares in the Public offer issued for the then Chattered Bank Plc now STANBIC - IBTC Bank Plc.

(b) Interest calculated at the statutory rate of not less than 10% per annum the date of the Writ until the whole judgment sum is fully paid.

(c) Cost of the action.

??Briefly, the facts of the case culminating in this appeal according to the Appellant are that Charteā€¦

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