FIRST BANK OF NIGERIA, PLC
V.
I.A.S. CARGO AIRLINES NIGERIA LTD
I.M.M. SAULAWA, J.C.A. (Delivering the Leading Judgment): The notice of appeal for the instant appeal was filed on October 26, 2005 in the registry of the Lagos State High Court, Lagos Judicial Division. The appeal is a fall-out of the ruling of the court below, which was delivered by the Hon. Justice A.A. Phillips on the date in question in Suit No. ID/953/04. By the said ruling, the court below entered a judgment, in limine, against the Appellant in the sum of N7,581,213.94 at 21% interest per annum from 13/12/02 to 26/10/05, and 6% until the judgment is fully liquidated.
FACTS AND CIRCUMSTANCES LEADING TO THE APPEAL:
It's discernible from the record of appeal, that on April 28, 2004 the Respondent filed in the court below both a writ of summons and a 24 paragraphed statement of claim seeking, against the Appellant, the following reliefs:
1. The sum of N8,435,363.88 representing the outstanding balance due to the Plaintiff vide courier services rendered for the period September to O…