ADEREMI, J.C.A. (Delivering the Leading Judgment): The Appellant who was the plaintiff in the Court below per paragraph 17 of the statement of claim, claimed from the Respondent who was the defendant the following:-
(a) The sum of N3,003,610.00 (three million, three thousand six hundred and ten naira) being the amount due and payable as at 11th January, 1993 to the plaintiffs as a claim due on Fire Policy No. FBP/1012369/L from the defendant on account of fire accident that completely destroyed its insured goods during the night of 10th and 11th January, 1993.
(b) The plaintiff also claims interest on the said sum of N3,003,610.00 at the rate of 30% per annum from 11th January, 1993 until judgment and final liquidation of the whole debt.
Briefly, the Appellant's case as could be gleaned from its statement of claim, is that by virtue of its being a member of Group of Companies to wit: Messrs Yisa Afolabi and Brothers, it (the appellant) and their Chairman/Managing Director one Chief Yi…