TOBI, J.C.A. (Delivering the Leading Judgment): The respondent who was the plaintiff in the lower court filed an action against the appellant who was the defendant in suit No. W/268/98 claiming the sum of $10,000,000 (ten million United States Dollars) being special and general damages for breach of contract. The particulars of damages were stated as follows:
"(1) Cost of freight of Rig from India to Nigeria and Marine Insurance $1.5 million United States Dollars.
(2)Interest on bank loan for purchase of the Rig - $1 million, USD.
(3)Loss of earnings on the Rig - $2.5 million USD.
(4)General damages - $10,000,000 USD."
On 1st March, 1999, counsel for the defendant filed a motion on notice asking the court to set down for hearing and to determine the points of law raised in the defendant's statement of defence, especially paragraphs 15-22, as the plaintiffs action did not disclose any reasonable cause of action and also that the court lacked jurisdiction by virtue of section 230(g) and (o)…