ACB LTD
V.
S.O. ADEBESIN & COMPANY LTD. & ANOR.
·
A.C.B. Ltd. v. AdebesinCo. Ltd. (1999) 1 NWLR (Pt. 585) 13
IGNATIUS CHUKWUDI PATS-ACHOLONU, JCA (Delivering the Leading Judgment): The Plaintiffs/Respondent claimed from the Defendant Appellant as follows in their pleadings
(a) A declaration that the defendant's refusal to release the charge on plaintiffs' property at plot 4, Block LXVI, Ilupeju scheme Layout Ikeja which was mortgaged to the defendant under a deed of mortgage dated 29th December, 1971 and registered as No. 50 at page 50 in Volume 1381 of the Lands Registry in Lagos and to release the title deed thereof from December, 1973 to 6th August, 1981 is wrongful.
(b) A declaration that the defendant's refusal to release to the plaintiff title deeds covering properties at 38 Ikorodu Road, Igbobi, 18 Alli Balogun Avenue, Industrial Estate, Ikeja, 35 Breadfruit Street, Lagos and life insurance policies Nos. 62366 and 683174 from 1973 to 6th August, 1981 is wrongful.
(c)N25,000,000.00 (Twenty-five Million Naira) and 10% interest on the value of the promissory note dated 6/6/83 from the d…