24th June, 2010
A Federal High Court sitting in Lagos, Nigeria, has ordered Nigerian Copyright Commission to pay a Lagos based security company, Fountain Source a judgement, N1,555,024.60.
The judgement of the court was sequel to a suit filed before the court by a Lagos-based lawyer Barrister Evans Azuike on behalf of the company against Nigerian Copyright Commission for failure to pay its fees.
By a retainership agreement executed between the two parties on 15 December, 1997, Fountain Source Nigeria Limited was contracted by Nigerian Copyright Commission to provide it with security services at designated locations in Lagos State at an agreed fee.
It was however alleged that the defendant persistently breached the agreement which resulted to the payment falling into arrears of several years.
Consequently, the plaintiff on 29 June, 2009 through its solicitors, Evan Aziuke, commenced a suit at the Federal High Court against the defendant claiming the sum of N1,555,024.60.
However, Nigerian Copyright Commission failed to enter appearance or file any defence to the claim of the plaintiff as at 19 May, this year,
Consequently, the plaintiff urged the court to enter judgement in his favour and the presiding judge Okon Abang entered judgement in the sum of N1,555,024.60 with interest at the rate ofÂ 21% per annum on the said sum from 1st August 2001 till judgement and post judgement interest at the rate of 10% per annum from the date of judgement till the sum is fully liquidated and the cost of N15,000 in favour of Fountain Source Nigeria Limited.