▲
▼

Welcome to NairaPark (NP)

It's possible to achieve your sales target through NairaPark. Learn How »

Don't miss Daily Updates

 
Name:
 
Email:
 
Mobile:

 
Keep me posted

Member Login

 
Lost your password?
 

NairaPark Statistics

45,100 Members    |    173 Online
Monday, January 22, 2018.

Not a Member? Sign Up!

 Male  Female  Terms
 
Nigerian News » Politics
 
 

 

Pay contractor, court orders Standard Alliance Insurance


 
Posted 9 months ago
 
 
 
 
 
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.”
 
 
 
 
 

Bulk SMS Business in Nigeria - Get a Bulk SMS Reseller Plan

 
Own a Bulk SMS Website that sends bulk sms to DND and NON-DND Numbers Reseller as you become an SMS Gateway Provider. Enjoy Cheap Bulk SMS, Free Domain and Hosting, Branded Apps, Recharge Voucher, Online Payment and lots more. Call/Whatsapp 08160266850.
https://www.angelbulksms.com/sms-reseller
 
 
 
You might also like:
 
Osinbajo inaugurates committee to trace sources of terrorists’ fund

Vice-President Yemi Osinbajo on Friday inaugurated the National Sanctions Committee at the Presidential Villa, Abuja. The committee is saddled with...

Court nullifies installation of 21 kings by Gov Ajimobi

An Oyo State High Court presided over by Justice Olajumoke Aiki on Friday declared the review of the 1957 Olubadan Chieftaincy Declaration and other...

Gunmen abduct five oil workers in Niger Delta

Five oil workers have been kidnapped in Nigeria’s restive southern Niger Delta region, an area regularly hit by militant attacks and abductions,...

 
Outsourced Credit Control, Cash Flow, Debt Collection, Track and Trace, Loan Collection
 
 

 

 
 
 
 
Bulk SMS Widget
Type your message:
Schedule Message
image
 
 
Own an attractive Website along with Free Web Hosting, Domain Registration, Search Engine Submission and unlimited Email Accounts. Start Now »
 
73 Kobo Bulk SMS Service
1492762947
 
 
 
 
 
 
 
 
Signup on NairaPark NairaPark © 2010 - 2018 - All rights reserved. Signin to NairaPark
NairaPark © 2010 - 2018 - All rights reserved.

 
[x] Close

Not a Member? Sign Up!

 
 Male  Female  Terms
 

Already Registered? Sign In!

 
 

Forgot Password? Reset Now!