ABBA BELLO MOHAMMED, JCA (Delivering the Leading Judgement): This is an appeal against the judgment of the High Court of the Federal Capital Territory (the trial court), delivered by Hon. Justice H.B. Yusuf on the 12th of January, 2022. Vide a Writ of Summons brought under the undefended list procedure pursuant to Order 35 of the High Court of the Federal Capital Territory (Civil Procedure) Rules, 2018, the Respondent (as Claimant), instituted an action against the Appellant (as Defendant), claiming the following reliefs:
(a) Payment of the sum of N25,000,000.00 (Twenty-Five Million Naira) only being the principal sum of the fixed deposit investment made by the Claimant to the Defendant.
(b) The sum of N3,000,000.00 (Three Million Naira) only being the accrued interest amount due since 18th March, 2021.
(c) Payment of the sum of 10% post judgment interest until final payment is made.
(d) Cost of this suit assessed at N2,000,000.00 (Two Million Naira) only.
Upon receipt of the Writ of Summo…