SUMMARY OF FACTS
The Applicant filed this Application for review of judgment number
ECW/CCJ/JUD/24/16, delivered by this Honorable Court on the 6th October 2016.
The Applicants aver that a contract for the supply, installation, and maintenance of
Power and Associated Equipment was awarded to the Respondent sequel to the
Newspaper Publication of 12th June 2014 and subsequent competitive bid. The said
contract was signed on the 10th September 2014 by the Parties.
Based on the same contract, the Applicants requested the Respondent by direct
contracting to supply and install two additional inverters at the same unit cost with
the initial contract. The Respondent/Judgment creditor submitted a proposed price
schedule to the Applicant on the 15th October 2014 which was accepted by the
Applicants and a contract was entered into by both parties on 21st November 2014.
The Applicants stated that they observed an inflation in the contract and brought it
to the notice of the Respondents on the 10th April 2015. The Applicants however
agreed to pay for the contract in two tranches. While the Applicant paid the first
tranche of N35,716,422 (Thirty Five Million, Seven Hundred and Sixteen Thousand,
Four Hundred and Twenty Two Naira) only, it failed to pay the second tranche.
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