REPRESENTATION OF THE PARTIES:
1. George Ibrahim with I .O Oladummoye
for the Plaintiff
2. Sambo Ishaku,
for the Defendants.
Delivers the following Judgment:
SUMMARY OF FACTS AND PROCEDURE
1. The Plaintiff, a limited liability Company incorporated under the laws
of Nigeria entered into a two tranche contract with the Defendants
for the supply, installation and maintenance of power and
Associated Equipment.
The first contract was valued at thirty five million, seven hundred and
sixteen thousand, four hundred and twenty two naira (N35,
716,422.00). The second tranche was for the sum of Twenty Million, six
hundred and Ninety eight thousand, Nine hundred and twenty Naira
(N20, 698, 920.00).
The Plaintiff completed the contract within the stipulated four weeks
completion period and was issued a certificate of job completion on the
18th of December, 2014 by the Defendants.
The Plaintiff contends that by Article 16 (4) of the special condition
contract (SCC), full payment shall be made within 30 days of
acceptance of the contract and where payment is delayed up to 120
2