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…