UBA PLC
V.
ECHI OBIAGELI ENTERPRISES LTD
MASSOUD ABDULRAHMAN OREDOLA, J.C.A. (Delivering the Leading Judgment): This appeal is against the judgment of the High Court of Abia State, sitting at Aba Coram: Hon. Justice I. Offonry, J., delivered on the 29th day of June, 2012 (hereinafter referred to as the lower Court and learned trial judge, respectively). In the said decision, the lower Court entered judgment in favour of the claimant/respondent (hereinafter referred to as the respondent) in the following terms:
Judgment entered in favour of claimant. Defendants defence was filled with inconsistencies and couldnt successfully challenge the cause of the defence. With regard to paragraph 9(d) Court awards damages of ten million (N10,000,000.00). Case of Claimant succeeds in its entirety."
The case of the respondent was that it was a customer of the defendant/appellant (hereinafter referred to as the appellant) and obtained a credit facility from it. On the 17th day of February, 1977, the respondent claimed to have mortgaged its pr…