YARGATA BYENCHIT NIMPAR, J.C.A. (Delivering the Leading Judgment): This appeal is in respect of the judgment of the Lagos State High Court delivered on the 25th May, 2015 by HON. JUSTICE M.O. OBADINA wherein the Court below dismissed the claim of the Claimant and entered judgment for the defendant/counter claimant for libel. Dissatisfied with the decision, the Appellant filed a Notice of Appeal on the 30/6/15 setting out 8 grounds of appeal.
The Appellant as claimant filed a claim before the Court below and sought for the following:
1. The sum of N1,431,863,050'26 (One Billion, Four Hundred and Thirty One Million, Eight Hundred and Sixty Three Thousand, Fifty Naira and Twenty Six Kobo) being the outstanding unpaid principal sum and accrued interest thereon in respect of the facility granted the 1st defendant by the Claimant and guaranteed by the 2nd defendant.
2. Interest at rate of 21% from 14th May 2009 until judgment and thereafter at the rate of 7% per annum until final liquidation.