FUTO v. ASSET MANAGEMENT CORP. OF NIG. & 6 ORS.

300

In Stock

Facts:

The 1st respondent instituted an action at the Federal High Court as a special claim under the AMCON Act, 2010 and same was initiated against the 2nd, 3rd and 4th respondents herein. The 1st respondent had dragged the 2nd – 4th Respondent to Court for recovery of debts owed, which debt was utilised to build a project for the Appellant. The 2nd – 4th Respondents were granted 3rd Party Proceedings against the 5th – 7th Respondent, including the Appellant. The relationship of the 3rd parties was a contract agreement to develop an ICT PROJECT at the Universities of Abuja, Calabar, Owerri and Minna and the Appellant’s main campus in Owerri which has since been done.

At the proceedings on the 3rd February, 2017 which was slated for the 2nd – 4th Respondent’s application to appoint assessors, the 2nd – 4th Respondents withdrew same and the Court gave a summary judgement against the Appellant, hence the notice of appeal filed herein on 6th March, 2017. The Appellant entered conditional Appearance to the 3rd party notice and filed a preliminary objection on 5th August, 2016. On 3rd February, 2017 the lower Court entered judgement upon an oral Summary application against the Appellant in the further sum of N535,060,570.00.

Dissatisfied, the appellant appealed to the Court of Appeal.

SKU: C000001106184-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1 Category: Tags: ,
My Cart (2 items)
Need Help? Chat with us