Customer Support

NATIONAL BANK OF NIGERIA LTD.
V.
P.B. OLATUNDE & CO. NIGERIA LTD.

(1994) JELR 43407 (SC)

Supreme Court 15 Apr 1994 Nigeria
BriefBot icon

BriefBot Summary

Free

Get an AI-generated summary of this case.

Case Details

Suit Number:SC.272/1988
Judges:MUHAMMADU LAWAL UWAIS Justice of The Supreme Court of Nigeria OLAJIDE OLATAWURA Justice of The Supreme Court of Nigeria MICHAEL EKUNDAYO OGUNDARE Justice of The Supreme Court of Nigeria EMMANUEL OBIOMA OGWUEGBU Justice of The Supreme Court of Nigeria YEKINI OLAYIWOLA ADIO Justice of The Supreme Court of Nigeria
Counsel:Chief F.A. Olorunisola, SAN (with him, Dele Ogundele Esq) For Appellant Prince J. O. Ijaodola For Respondent
Other Citations:N.B.N. Ltd. v. P.B. Olatunde & Co. Ltd (1994) 3 NWLR (Pt.334)512 (1994) 4 SCNJ 65

OGWUEGBU, J.S.C. (Delivering the Leading Judgment): The defendants awarded a building construction contract of their bank building at Ilorin, Kwara State to the plaintiffs for the sum of N451,857,22. The contract was stated to be in writing. By a letter dated 13th April, 1981 written by the agent of the defendants - Architects Co-design, the contract sum was revised from N451,857.22 to N1,047,637.06. There is the Bill of Quantities which was admitted in evidence as "Exhibit 4."

The defendants paid the sum of N977,460.83 in respect of Valuation Certificates numbers 1 to 26. On the whole, Architects Co-design issued a total of 27 Valuation Certificates.

Clause II of Exhibit 4 (Bill of Quantities) provides that the defendants could alter and vary the contract and payments for work done under the contract was to be made upon the issuance of Valuation Certificates from time to time by the defendants' Architects and Quantity Surveyor. The plaintiffs maintained that Valuation Certificate No…

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.