LSDPC
V.
ADOLD STAMM INTERNATIONAL NIGERIA LTD.& ANOR.

(2005) JELR 45162 (SC)    

Supreme Court  ·  SC.19/2001 ·  21 Jan 2005 ·  Nigeria
 · 
Other Citations
LSDPC v. Adold Stamm Int'l (Nig.) Ltd. (2005) 2 NWLR (Pt.910)603 (2005) 1 S.C (Pt II) 44 (2005) 1 S.C (Pt II) 44
CORAM
SYLVESTER UMARU ONU Justice of The Supreme Court of Nigeria AKINTOLA OLUFEMI EJIWUNMI Justice of The Supreme Court of Nigeria NIKI TOBI Justice of The Supreme Court of Nigeria DENNIS ONYEJIFE EDOZIE Justice of The Supreme Court of Nigeria SUNDAY AKINOLA AKINTAN Justice of The Supreme Court of Nigeria
Core Terms Beta
interest
appellant
respondent
appeal
conflict
judgment debt
court of appeal
high court
trial court
suit no. ld
issues
affidavit evidence
learned judge
rate of interest
learned trial judge
supreme court
denial of fair hearing
said bank
affidavit of interest
chartered accountant
chief rotimi williams chambers
determination of interest
principal sum
senior advocate
taking of oral evidence
third party notice
3rd party respondent
decision of the trial court
defendants
enforcement of the award
first bank plc
judgment sum of n6,784,095.34k
leading judgment
afribank nigeria plc
apparent conflict
breach of the principle of natural justice
chief accountant
extent of the limit of the amount
following order
judgment of desalu j.
judgment of the lagos division of the court
late hon. justice g.b.a. coker
llori j.
main argument
order of the lagos state high court
result of the bond
ruling of ilori
said affidavit
suit no. ca

AKINTAN, J.S.C. (Delivering the Leading Judgment): This is an appeal from the judgment of the Lagos Division of the Court of Appeal (Coram: Oguntade, Galadima and Aderemi, JJ.CA) delivered on 13th June, 2000 in suit No. CA/L/380/96. The appellant and the respondent had entered into a building contract out of which a dispute arose. The contract agreement between them had provided for reference of disputes arising from the contract to an arbitrator. To that end, the dispute was, by an order of the Lagos State High Court, referred to Late Hon. Justice G.B.A. Coker as sole arbitrator. The arbitrator published his report on 18th October, 1982. In the report, the arbitrator ordered the appellant to pay N5,566,437.21 to the respondent with 5% interest per annum thereon from 11/3/81 to 18/10/82. The respondent later applied to the High Court for the enforcement of the award. The appellant, on the other hand, applied to the same court to set aside the award.

The two applications came before I…

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