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STANBIC IBTC BANK PLC
V.
LONGTERM GLOBAL CAPITAL LIMITED & ANOR

(2013) JELR 35727 (CA)

Court of Appeal 10 May 2013 Nigeria
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- This case is an appeal of a judgment from the Federal High Court in Lagos. - The appellant, a commercial bank, granted overdraft facilities to the respondents, a limited liability company and its CEO. - The respondents claimed that they h

Case Details

Suit Number:CA/L/194/11
Judges:IBRAHIM MOHAMMED MUSA SAULAWA Justice of The Court of Appeal of Nigeria JOSEPH SHAGBAOR IKYEGH Justice of The Court of Appeal of Nigeria RITA NOSAKHARE PEMU Justice of The Court of Appeal of Nigeria
Counsel:U. Uyi Legal OfficerTope Ashejunshango Banwo For Appellant Opeyemi Usiola with Ayanlewa Onoja For Respondent

IBRAHIM MOHAMMED MUSA SAULAWA, JCA(Delivering the Leading Judgment): The instant appeal is a fall-out of the judgment of the Federal High Court, Lagos Judicial Division, delivered on December 6, 2010 in suit No. FHC/L/1491/2009. By the said decision, the lower court, coram C.E. Archibong, J; granted some of the reliefs sought by the Respondents in the writs of summons and the statement of claim thereof, dated December 23, 2009. Being dissatisfied with the decision in question, the Appellant filed the notice of appeal thereof, dated December 7, 2010 which is predicated upon a total of seven grounds. However, on April 1, 2011, the Appellant filed an amended notice of appeal, which was deemed properly filed on July 5, 2011, pursuant to the leave granted thereto by this Court on that date.

BACKGROUND FACTS:

The fact and circumstances surrounding the appeal are not far-fetched. As gleanable from the records of appeal, the 1st Respondent is a limited liability company with the registered h…

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