HABEEB ADEWALE OLUMUYIWA ABIRU, J.C.A. (Delivering the Leading Judgment): This is an appeal against the decision of the High Court of Kano State in Suit No K/130/2006 contained in the Ruling delivered by Honorable Justice A. T. Badamasi on the 9th of October, 2006. By the consent of the parties, the lower Court, on the 24th of April, 2006, entered judgment in favour of the Respondent in the sum of N3,520,790.00 together with interest at the rate of 19% from 9th of Match, 2006 till date of judgment and thereafter at the rate of 10% until final liquidation. The Appellant willingly submitted to judgment.
On the 15th of May, 2006, the Appellant filed an application dated the 13th of May, 2006 before the lower Court praying for an order allowing it to liquidate the judgment sum in installments of N500,000.00 down payment and monthly sums of N100,000.00. The Respondent opposed the application and the lower Court took arguments thereon. In a considered Ruling delivered on the 15th of June, 2…