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SANI ABACHA FOUNDATION FOR PEACE AND UNITY & 5 ORS VS UNITED BANK FOR AFRICA PLC

Legalpedia Citation: (2010) Legalpedia (SC) 74169

In the Supreme Court of Nigeria

HOLDEN AT ABUJA

Wed Feb 24, 2010

Suit Number: SC.14/2003

CORAM


KUMAI BAYANG AKA’AHS


PARTIES


SANI ABACHA FOUNDATION FOR PEACE AND UNITY LT. GENERAL J. T. USENI (RTD.) ALAHAJI IDI FARUK ALHAJI MOHAMMED MAKARFI CHIEF IKENNA NDUAGUBA ALHAJI MOHAMMED ABACHA APPELLANTS


RESPONDENTS


AREA(S) OF LAW



SUMMARY OF FACTS

CONTRACTS /RATE OF INTEREST
SUMMARY OF FACTS
The appellant got judgment for debt with interest set at 21% until the payment of the judgment debt. On appeal, the Court of Appeal affirmed the decision but set aside the award of 21% interest. The appellant has further appealed.


HELD


Appeal dismissed


ISSUES


1. Whether the Court of Appeal was right in its finding the ‘There is no iota of evidence adduced by the plaintiff/Respondent in support of the rate of interest pleaded.


RATIONES DECIDENDI


CASES CITED


1. Ekwunife v. Wayne (WA) Ltd. [1989 5 NWLR? (Pt.122) 422


STATUTES REFERRED TO


Not Available.|


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