MOJEED ADEKUNLE OWOADE, J.C.A. (Delivering the Leading Judgment): This is an Appeal against the decision of the Federal High Court, Ilorin Judicial Division, delivered by Honourable Justice R. N. OFILI-AJUMOGOBIA on the 7th June, 2016.
The Respondent had instituted a Suit against the Appellants jointly and severally at the Federal High Court, Ilorin Judicial Division on a General Claim Form and Statement of Claim under AMCON ACT which was filed on 14th of December, 2015 claiming the following Reliefs:-
a) AN ORDER granting judgment against the Defendants in the sum of N42,967,162.95 156,805.28K (Sic) (Forty-Two Million, Nine Hundred and Sixty Seven Thousand, One Hundred and Sixty Two Naira, Ninety-Five Kobo) being the debt owed the Claimant by the 1st Defendant as of 22nd June, 2015.
b) Interest at the rate of 15% per annum on the judgment debt against the Defendants with effect from 22nd June, 2015.
c) Interest at the rate of 15% per annum on the judgment debt against the Defendants, fro…