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Pay contractor, court orders Standard Alliance Insurance

 
Nigerian News Update » Nigerian Newspapers
Punch Newspaper
 
 
 
The Lagos State High Court in Igbosere has entered monetary judgment in favour of a construction company, Ravega Construction and Project Management Limited, against Standard Alliance Insurance Plc.

The court, in a judgment on March 24, 2017 by Justice O.O. Femi-Adeniyi, ordered Standard Alliance Insurance Plc to forthwith pay Ravega Construction and Project Management Limited the sum of N47m.

The judgment sum, the court ordered, must be paid with an interest of 18 per cent per annum from May 1, 2013 till judgment day and four per cent thereafter until the final liquidation of the entire sum.

The court also awarded N100,000 against Standard Alliance Insurance Plc in favour of Ravega Construction and Project Management Limited to cover the expenses of filing the suit.

Ravega Construction and Project Management Limited had last year sued  Standard Alliance Insurance Plc,  claiming that the insurance company was indebted to it to the tune of N47m.

 The construction company had told the court that the N47m was the outstanding sum of the fee payable to it for constructing the defendant’s corporate head office in Lekki, Lagos.

Ravega Construction and Project Management Limited explained that Standard Alliance Insurance Plc engaged it for the said construction in April 2004.

In arriving at his judgment, Justice O.O. Femi-Adeniji dismissed the defendant’s preliminary objection, challenging the court’s jurisdiction on the basis that the claims of the claimant were statute barred.

The judge granted the claimant’s prayer for summary judgment, upholding the submission of the claimant’s counsel, Mr. Dele Adeogun, that the defendant had no defence to the suit on the grounds that it filed it defence out of time and did not regularise same.

The judge held, “I find and hold that the defendant has failed to show a good defence on the merit to entitle it to leave to defend the claim because it’s defence counter-affidavit and other processes were filed out of time and even upon considering the incompetent defence, the defendant has put up a sham defence. The claimant has, on the other hand, shown that it is entitled to judgment of this court, there being no defence to its application.”
 
 
 
 
 
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