Anchor Insurance Dragged To Court For Debt Over Building Construction

Donarson Services Ltd, a construction firm in Uyo has accused
Anchor Insurance Company Ltd of breach of contract.

In a case filed at High Court of Akwa Ibom in Uyo, with the Suit
No: HU/ 54/2019, Donarson Services Ltd, is demanding the sum of
N80,009237 for damages.

As stated in the statement of claim, Anchor Insurance Company
Ltd had in November 2013, contacted Donarson Services Ltd to build
new office complex at Wellington Bassey Way in Uyo, with the sum of
N198, 390,843, which was successfully built by Donarson Services
Ltd.

Upon taking over possession and commissioning the fully serviced
apartments with lift ensuite building by Anchor Insurance Company
Ltd, the insurance company neglected or refused to pay the overdue
of N35, 409,327.98.

The defendant who was visibly impressed with the completed
building by Donarson company brought the Executive Governor of Akwa
Ibom to officially Commission the project and the entire Akwa Ibom
State who were represented proudly approved the project.

The plaintiff further stated that the defendant has since paid
other sub-contractors and due to the defendant’s default,
Donarson’s business and reputation are seriously in jeopardy.

That Anchor Insurance admitted that it was owing Donarson, the
sum of N35,237.90 and will pay up before December 31, 2018 but
again defaulted.

The Defendant has also leased out some parts of the building to
Akwa Ibom State government parastatals.

The plaintiff is seeking for the following reasonable sums,
N35,409,237.98 for specific damage, award of N3,600,000 in
avoidable legal cost expended in recovering the liquidation sum in
the action, exemplary damage of N25,000,000, damages for breach of
contract at N16,000,000 and 10 percent per annually post-judgment
sum until judgment is executed.

The matter is fixed for further mention on the 24th July
2019

The plaintiff is represented by Ben Ndedde Esq, of Justice Forte
Chambers.

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