Loan interest

Related decisions

• SIMETEQUIP (NIG) LTD V. OMEGA BANK PLC (2002)→

  Court

  Court of Appeal, Benin Division

  Judgment date

  28 October 2002

  Case summary of Simetequip (Nig) Ltd v. Omega Bank PLC discussing major ruling, legal principles, and court's findings on appeal.

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  • Fresh issue on appeal→
  • Grounds of appeal→
  • Notice of intention to defend→
  • Undefended list procedure→
  • affidavit disclosing defence on the merits→
  • appellate interference with judicial discretion→
  • banking overdraft debt→
  • leave to raise fresh issue→