M.
V.
BREUGHEL & ORS
V.
MONDIVEST LTD
YARGATA BYENCHIT NIMPAR, J.C.A. (Delivering the Leading Judgment): This appeal is against the Ruling of the Federal High Court sitting in Lagos and delivered on the 21st March, 2016 by HON. JUSTICE DAGAT wherein the Court below dismissed the application brought by the appellant seeking to strike out the claim of the Respondent for failing to disclose a cause of action. The appellant dissatisfied with the said ruling filed a Notice of Appeal dated 28th day of March, 2016 filed on the 4/4/2016 and deemed on the 3/5/2018 setting out 3 grounds of Appeal.
The respondent instituted an action in rem against the appellants for acts of negligence and sought the following reliefs:
i. The sum of N700,000,000 (Seven Hundred Million Naira) for alleged damage to the Appellants property and economic losses resulting from the loss of its rental income on its property resulting from the alleged negligent acts of the M.V. Breughel and its sister vessel the Congo River;
ii. The sum of N3,000,000,000 (Three…