EGBO V AGBARA
July 4, 2025INSURANCE BROKERS OF NIGERIA V ATLANTIC TEXTILES MANUFACTURING COMPANY LIMITED
July 4, 2025Legalpedia Citation: (1996) Legalpedia (SC) 14950
In the Supreme Court of Nigeria
Fri Sep 27, 1996
Suit Number: SC. 87/1994
CORAM
NWALI SLYVESTER NGWUTA, JUSTICE, SUPREME COURT.
M.E. OGUNDARE, JUSTICE, SUPREME COURT
M.L. UWAIS, CHIEF JUSTICE NIGERIA
E.O. OGWUEGBU, JUSTICE, SUPREME COURT
U. MOHAMMED, JUSTICE, SUPREME COURT
PARTIES
SHELL PETROLEUM DEVELOPMENT COMPANY OF NIGERIA LIMITED APPELLANTS
RESPONDENTS
AREA(S) OF LAW
SUMMARY OF FACTS
The dispute centered around the refusal by the respondent to allow for deductions for the purpose of tax computation on certain expenses incurred by the appellant in meeting its tax obligations to Government when it had to make payments in pounds sterling to the account of the Central Bank of Nigeria with the Bank of England in London as agreed to with Government, and in the award of scholarships for that year.
HELD
APPEAL ALLOWED
ISSUES
RATIONES DECIDENDI
CASES CITED
Harrods (Buenos Aires) Ltd. v. Taylor-Goodly (H.M. Inspector of Taxes) (1941-60.) 41 T.C. 450
STATUTES REFERRED TO
