OBASEKI-ASEJUMO JCA (Delivering the Lead Judgment): The respondent as claimant at the lower court in suit No. LD/2912/99 filed an action against the appellants vide a writ of summons and statement of claim dated and filed 5 October 1999, seeking for the following reliefs:
Delivery up to the plaintiff of 7,159,908 units of UAC of Nigeria Plc shares and all bonuses issued on the aforesaid shares since 1996. An account of all dividends received or payable on the aforesaid 7,159,908 UAC Nigeria Plc ordinary shares (and on any bonuses issued thereon) from 1995 to date. An order directing the defendants to pay over to the plaintiff the sum ascertained to be due as dividends on the aforesaid account with interest at the rate of 21% per annum from 16 April 1995 until payment. N10,000,000.00 (Ten million naira) as general damages for conversion, conspiracy and fraud. Upon service of the writ of summons on the appellants , the appellants filed their amended statement of defence dated and f…