Debt Recovery

MUHAMMED LAWAL SHUAIBU, J.C.A. (Delivering the Leading Judgment): This appeal is against the judgment of the High Court of Akwa Ibom State sitting at Uyo delivered on 29th day of July, 2015 by Hon. Justice Augustine D. Odokwo wherein the lower Court ordered the appellant to produce all books of account and documents relating to or pertaining to the overdraft facility granted the respondent by the appellant for a proper account to be taken.

The respondent as plaintiff before the lower Court commenced a civil action against the appellant (then Intercontinental Bank Plc) seeking for declaratory and injunctive reliefs as follows:-
(a) A declaration that the plaintiff does not owe the Defendant the sum of N3,418,000.00 claimed by the Defendant as the outstanding overdraft indebtedness of the plaintiff to the defendant.
(b) A declaration that the defendants claim of N3,418,000.00 from the plaintiff is outrageous and in total negation of the approved guidelines of Central Bank of Nigeria on permissible charges by commercial banks in Nigeria on loans and overdraft.
(c) An order directing the Defendant to submit to the Court all books of account and documents relating or pertaining to the overdraft facility granted the plaintiff by the defendant for a proper account to be taken and
(d) A perpetual injunction restraining the defendant, her agents and privies from selling the plaintiffs property described as No 13, Ntido Street Uyo, being the subject matter of certificate of occupancy No/UY/3708 2002 except as directed by the Court.