Facts:

Omega Air Limited, the respondent in this appeal was the plaintiff in the suit at the court below while Shona-Jason Nigeria Limited, the appellant herein, was the second defendant.

The respondent entered into an Aircraft lease purchase agreement with Real Aviation Limited, a company registered in Ghana and the first defendant in the suit at the court below. The subject matter of the agreement was a Boeing 707-323C MSN 19352 Aircraft with registration number mark 99-JNR. The appellant guaranteed the performance of the agreement by Real Aviation Limited.

Upon a breach of the agreement, the respondent commenced legal proceedings against Real Aviation Ltd and the appellant on 15th October 1998 at the Queens Bench Division of the High Court of England in Suit no. 1997 Folio No. 2194. By a judgment of 9th November 1998, the English Court found both defendants liable and entered judgment against them in the sum of US$1,513,504.73 with an award of damages, interest, costs an order for an account of payments due under the agreement.