ALI ALABA INT'L LTD & ANOR
V.
STERLING BANK

(2018) JELR 39943 (SC)    

Supreme Court  ·  SC.69/2006 ·  6 Jul 2018 ·  Nigeria
 · 
Other Citations
Ali Alaba Intl Ltd. v. Sterling Bank Plc (2018) 14 NWLR (Pt. 1639) 254
CORAM
MUSA DATTIJO MUHAMMAD Justice of The Supreme Court of Nigeria KUDIRAT MOTONMORI OLATOKUNBO KEKERE-EKUN Justice of The Supreme Court of Nigeria CHIMA CENTUS NWEZE Justice of The Supreme Court of Nigeria AMIRU SANUSI Justice of The Supreme Court of Nigeria EJEMBI EKO Justice of The Supreme Court of Nigeria
Core Terms Beta
ruling of the lagos division of the court
order of mareva injunction
judgment of the high court of lagos state
brief of argument
trial court
new counsel
court of appeal rules
file brief of argument
high court
provisions of order
right of appeal
learned counsel
appeal
dual issues
facts of the case
rules of this court
lower court
sin of their counsel
ors vs oduntan
court
rule
relevant rule of court
extension of time
jurisdiction of the court
decision of court of appeal
case of dakan v asalu
appellants
assets of the appellants
tenet of the order of the trial court
exercise of their right of appeal
briefs of argument
judgment of the trial court
submissions of counsel
finality of the dismissal of the appeal
1st appellant
leading judgment
speedy trial
sole issue
such situation
ors v amudatu abolore
joint appellants brief of argument
sealing of the 1st appellant
said judgment
said order
lacks jurisdiction
final determination of the substantive suit
order of the trial court
adamawa state

AMIRU SANUSI, J.S.C. (Delivering the Leading Judgment): This appeal is against the Ruling of the Lagos division of the Court of Appeal (the lower or Court below) delivered on 10th May, 2005 which dismissed the appellants' appeal against the judgment of the High Court of Lagos State (the trial Court) declaration on the 13th of October, 1999.

FACTS OF THE CASE

The facts of the case culminating into this appeal are simply thus:-

The respondent, as plaintiff at the trial High Court, filed an action against the appellants (defendants) for recovery of the sum of Thirty two million, six hundred and forty-four thousand, nine hundred and thirty two naira, twenty kobo (#32,644,932.20k) which was a sum arising from credit facilities granted to the appellants. The appellants admitted owing the respondent the sum of twenty nine million, eight hundred and seventy five thousand naira, thirty-two kobo only (#29,872,075:32k) with accrued interest. Based on that admission by the appellants/defendants, the…

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