E. O. WILLIAMS-DAWODU, JCA (Delivering the Leading Judgment): This is an appeal against the Judgment of the Federal High Court, Abuja, delivered on June 16th 2022 by Hon. Justice Obiora Atuegwu Egwuatu wherein the suit of the Appellant (Claimant at the Court below) was dismissed as incompetent, barred by statute.
The Appellant at the Court below claimed as follows against the Respondents vide its Statement of Claim:
"1. The sum of N28,327,153.77 (Twenty-Eight Million, Three Hundred Twenty-Seven Thousand, One Hundred and Fifty-Three Naira, Seventy-Seven Kobo) only, being a sum owed by the defendants to the claimant as at 6th April, 2011, and which indebtedness was purchased from Unity Bank Pie, an Eligible Financial Institution (EFI), as an Eligible Bank Asset (EBA); a Non Performing Loan (NPL), which EBA arose from a credit facility granted to the defendants.
2. Interest on the said sum of N28,327,153.77 (Twenty-Eight Million, Three Hundred Twenty-Seven Thousand, one Hundred and Fif…