Owena Mass Transport Co. Ltd v. Enterprise Bank Ltd

The appellant was a customer of the respondent. The respondent alleged that the sum of N500,000 (Five Hundred Thousand Naira) was availed to the appellant as loan/overdraft facility and that the appellant successfully utilised the facility but refused to pay back.

The respondent commenced an action against the appellant at the High Court of Ondo state claiming the sum of N705, 898.85 (Seven Hundred and Five Thousand Eight Hundred and Ninety Eight Naira, Eighty Five Kobo) being the total balance remaining unpaid by the appellant as at September 2001. It also claimed interest on the unpaid balance.

2014 1 CLRN 150
Average: 4 (1 vote)