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CLAIM FOR INTEREST – DUTY OF A CLAIMANT WHO CLAIMS INTEREST

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“The law remains firmly established that a claimant who claims interest must not only claim it on the writ of summons and statement of claim, but must also plead the facts and the grounds upon which the claim for interest at the rate claimed is based.  See Azumi vs. Pan African Bank Ltd (1996) 8 NWLR (PT 467) 462 at 472 and Obanta Community Bank Ltd vs. Ajayi (2001) 33 WRN 119 at 128.  The entitlement to interest must also be established by credible evidence: Reo Enterprises vs. Nwosu (2002) 11 WRN 16 at 33 and R.C.C. (Nig) Ltd vs. R.P.C. Ltd (2005) 10 NWLR (PT 934) 615 at 640-641.” PER U.A.OGAKWU,J.C.A, in

Samuel Etuk v Heritage Bank PLC LER [2018]CA/L/05/2010 https://legalpediaonline.com/samuel-etuk-v-heritage-bank-plc/



   
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