BLUE-CHIP ACQUISITION AND INVESTMENT CO. LTD.
V.
ZENITH BANK PLC & ORS.

(2008) JELR 49446 (CA)    
Court of Appeal  ·  CA/A/91/M/06 ·  15 Feb 2008 ·  Nigeria
CORAM
RABIU DANLAMI MUHAMMAD Justice of The Court of Appeal of Nigeria OYEBISI FOLAYEMI OMOLEYE Justice of The Court of Appeal of Nigeria ABDU ABOKI Justice of The Court of Appeal of Nigeria
Core Terms Beta
applicant
application
respondents
counsel
court
notice of appeal
good cause
grounds of appeal
lower court
counter-affidavit
punitive damages
judgment of the trial court
notice
prescribed time
prima facie show
good reason
hon. tony anyanwu
oyebisi f. omoleye
prescribed period
proposed grounds of appeal
proposed notice of appeal
trial court
trial tribunal
assurances of the respondent
background facts of this case
certified copy of the judgment of the investment
copy of a draft of the judgment sum
correctness of the decision of the lower court
earlier notice of appeal
first exhibit
general rule
important point
john oloka v. sunday ube
judgment of the investments
judicial authorities
lead ruling
ltd v. ogwuru
originating application evidence
relevant portions of the counter-affidavit of the respondents
respect of this application
result of the respondents
shanu v. afribank plc
submissions of the learned counsel
substantial reason
substantive questions of law
supreme court

OYEBISI F. OMOLEYE, J.C.A. (Delivering the Lead Ruling): This application is praying this Court for an order extending time for the Appellant/Applicant (hereinafter referred to as the Applicant) to file the Notice and Grounds of Appeal against the judgment of the Investments and Securities Tribunal delivered on 8/4/05 in suit No. IST/OA/04/2004.

The background facts of this case are that the Applicant had sued the Respondents for breach of contract and violation of certain statutory provisions. The Applicant claimed damages in respect of the breach of contract and punitive damages in respect of the breach of the statutory provisions. The trial Tribunal heard the case and delivered its judgment on 8/4/05. It granted to the Applicant the sum of eighty-nine thousand five hundred naira only (N89,500=) as monetary losses suffered by the Applicant as a result of the Respondents' failure to dispatch to the Applicant its share certificates. The punitive damage sought by the Applicant was refu…

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