Customer Support

FBN PLC
V.
YAKUBU

(2013) JELR 40555 (CA)

Court of Appeal 23 Dec 2013 Nigeria
BriefBot icon

BriefBot Summary

Free

Get an AI-generated summary of this case.

Case Details

Suit Number:CA/YL/50/2012
Judges:JIMI OLUKAYODE BADA Justice of The Court of Appeal of Nigeria JUMMAI HANNATU SANKEY Justice of The Court of Appeal of Nigeria ADAMU JAURO Justice of The Court of Appeal of Nigeria
Counsel:Mr. E. M. Zangina with Mr. Salihu Mohammed For Appellant Mr. J. Olabode Makinde For Respondent

ADAMU JAURO, J.C.A (Delivering the Leading Judgment): This is an appeal against the judgment of the Adamawa State High Court of Justice, Yola delivered on the 1st day of June, 2012 in suit number GGSY/95/89.

The appellant as plaintiff instituted the action culminating in this appeal in the lower Court, against the respondent for following reliefs:

"(a) The total sum of N4,127,035.31 made up of the followings:

(i) The sum of 3,145,348.07 being debit balance in respect of defendant's current account with the plaintiff as at 27th December, 1999.

(ii) The sum of N981,687.24 being debit balance in respect of the loan account of the defendant with the plaintiff as at 27th December, 1999.

(b) Interest at the bank rate of 24% per annum from 28th December, 1999 to date of judgment.

(c) Interest at the Court rate of 10% per annum from the date of judgment to date of liquidation.

TOTAL SUM CLAIM FROM THE DEFENDANT IS N4,127,035.31 with interest at 24% and 10% as aforesaid."

The respondent as def…

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.