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On The Meaning Of Judgement Debt
As to the issue on award of interest, it need be stressed that a Judgment debt, is a debt or damage or other monetary award, which has been pronounced upon by a court of competent jurisdiction. It begins, when the court has pronounced on its judgment in favour of the plaintiff. Interest on a judgment debt, is therefore, interest after adjudication. It cannot be before that incident. So, to award interest on the judgment debt from the date of accrual of the cause of action, is a contradiction in terms.
G. K. F. INVESTMENT NIGERIA LTD. V. NIGERIA TELECOMMUNICATIONS PLC:LGC(10/7/2009)F