Customer Support

GORKEENS LTD & ANOR
V.
ZENITH BANK

(2017) JELR 37556 (CA)

Court of Appeal 31 Mar 2017 Nigeria
BriefBot icon

BriefBot Summary

Free

Get an AI-generated summary of this case.

Case Details

Suit Number:CA/K/327/2014
Judges:IBRAHIM SHATA BDLIYA Justice of The Court of Appeal of Nigeria OBIETONBARA O. DANIEL-KALIO Justice of The Court of Appeal of Nigeria AMINA AUDI WAMBAI Justice of The Court of Appeal of Nigeria
Counsel:O. A. Evans For Appellant U. Dan Paul For Respondent

IBRAHIM SHATA BDLIYA, J.C.A. (Delivering the Leading Judgment): By a Writ of Summons and statement of claim filed on the 15th of November, 2012, the respondent as plaintiff instituted suit No.KDH/KAD/955/2012, against the 1st and 2nd appellants (as the defendants) seeking for the following reliefs:

(i) The sum of N23,618,472.84 (Twenty Three Million, Six Hundred and Eighteen Thousand Four Hundred and Seventy-Two Naira, Eighty Four Kobo) being the outstanding indebtedness of the defendants jointly and severally to the plaintiff as at 30th day of September, 2012 on account of RENEWAL OF CREDIT FACILITY granted by the plaintiff to the 1st defendant on current account No: CA1010678081, otherwise called "GORKEENS LIMITED - GUINNESS DEDICATED ACCOUNT" and guaranteed by the 2nd defendant.

(ii) Interest on the said sum of N23,618,472.84 at the rate of 17% per annum from the 1st day of October, 2012, until judgment and thereafter at 17% per annum until final liquidation of the judgment sum.

(iii)…

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.