JOSEPH SHAGBAOR IKYEGH, J.C.A. (Delivering the Leading Judgment): The appeal emanated from the decision of the High Court of Justice of Lagos State (the Court below) by which the claim of the appellant for damages of N1,012,430,211.91 for breach of contract with 19% prejudgment interest and 10% post judgment interest thereon and some declaratory reliefs hinged on the alleged contract was dismissed in its entirety and the counter-claim of N200, 194,975.22 by the 1st respondent was granted against the appellant together with N500,000 costs against the appellant in favour of the 1st respondent and N250,000 costs against the appellant in favour of the 2nd and 3rd respondents, respectively.
In a nutshell, the case of the appellant at the Court below was that upon successful bidding, it was awarded a contract by the 1st respondent for operation and maintenance of 1st respondent's (SPDC) light vehicles in the western Division for a period of 3 years, effective from 01-01-2006 to 31-12-2008. T…