ALOMA MUKHTAR JSC (Delivering the Lead Judgment): In the High Court of Lagos State, the plaintiff, who is the appellant in this court instituted anaction against the defendants jointly and severally forwilful and wrongful detention of a 60KVAPerkins unused generating set. The plaintiff is a limited liability company doingbusiness of stock broking and finance, the 1st defendant isalso a limited liability company and does businessof finance, and the 2nd defendant is a creditor of the 1st defendant. The plaintiffand the 1st defendant entered into a finance lease agreement for the sum of N2,700,000.00 disbursed to the 1st defendant for purchase of various equipments amongst which was one unit of 60KVA soundproof Perkins generatingset model 63544 with engine number LJ3012U582905Xpurchased for the sumof N516,757.00. The 1st defendant defaultedin payingits monthly A installments,and the plaintiff continued to demandpayment ofthe outstanding rental.As at 15/5/94 the 1st defendant was owing …
CAPITAL BANCORP LTD
V.
SHELTER SAVINGS & LOANS LTD
(2007) JELR 57146 (SC)
Supreme Court 12 Jan 2007 Nigeria
Case
Citing Cases 7
BriefBot Summary
Get an AI-generated summary of this case.
Case Details
Suit Number:SC.27/2000
Judges:SYLVESTER UMARU ONU JSC (Presided) DAHIRU MUSDAPHER JSC ALOMA MARIAM MUKHTAR JSC (Read the Lead Judgment) WALTER SAMUEL NKANU ONNOGHEN JSC FRANCIS FEDODE TABAI JSC
Counsel:Olumide Sofowora Esq. - for the Appellant.
-*-
Uche Nwokedi Esq. (with him, C. A. Nwosu Esq.) - for the 1st Respondent.
-*-
Ikechukwu Ezechukwu Esq. [with him, G. C. Igbokwe, A. T.
-*-
Udechukwu, Ogechi Ogbonna (Miss)] - for the 2nd Respondent.
There's more. Sign in to continue reading.
judy.legal is the comprehensive database of case law and legislation from Ghana, Kenya and Nigeria. Gain seamless access to over 77,000 cases, recent judgments, statutes, and rules of court.