CaseLaw
The 1st and 2nd appellant sued the respondent in the Lagos State High Court claiming amongst other things:
At close of pleadings, respondent brought an application praying the court for an order that the appellants do pay security for costs and for stay of further proceedings until such security for costs was paid.
Respondent also stated that he would need 22 witnesses for his defence with most of them coming from outside Nigeria, the cost of which was put at $84,279.76 and N10,000.00. Appellants filed a counter-affidavit which contained facts as to the large amount of U.S. Dollars and sterling which had already been paid to the respondent pursuant to a court proceedings in the federal High court.
The trial Judge granted the orders sought and the sum exactly as requested by the respondent as security for costs. A stay of further proceedings in the action until the security for costs is paid was also granted. Dissatisfied, appellant went to the Court of Appeal.