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YISI NIGERIA LTD.
V.
TRADE BANK PLC.

(2013) JELR 35853 (SC)

Supreme Court 22 Feb 2013 Nigeria
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Case Details

Suit Number:SC.86/2005
Judges:CHRISTOPHER MITCHELL CHUKWUMA-ENEH Justice of The Supreme Court of Nigeria BODE RHODES-VIVOUR Justice of The Supreme Court of Nigeria NWALI SYLVESTER NGWUTA Justice of The Supreme Court of Nigeria MUSA DATTIJO MUHAMMAD Justice of The Supreme Court of Nigeria CLARA BATA OGUNBIYI Justice of The Supreme Court of Nigeria
Counsel:George Alao, Esq. For Appellant Sheni Ibiwoye, Esq (with him Theophilus Okwute Esq) For Respondent

NWALI SYLVESTER NGWUTA, J.S.C. (Delivering the Leading Judgment): Endorsed on the Writ of Summons issued at the Registry of the Ilorin Judicial Division of the Kwara State High court on 21/11/96 are the plaintiff's claims against the defendant:

"1. The sum of $82,560.00 standing to the credit of the plaintiff as at 1st of May 1992 in his accounts with the defendant.

2. Interest on the said plaintiff's funds at 21% per annum from 1st May, 1992 up to the date of judgment and thereafter at 10% on judgment sum until the judgment debt is fully liquidated.

3. A declaration that the plaintiff having paid a total of N5,200,000.00 as at 30th January, 1995 and having substantial credit due to them as claimed in paragraphs 1 and 2 above could not and is not owing the defendant a staggering debt of N9,072,227 as demanded in the defendant's letter of 1st November, 1996 or owing any sum whatsoever.

4. An order of injunction restraining the defendant by themselves, their servants, agents and/or priv…

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