LB Finance PLC vs Muhammadu Thaibu Minnathun Naeem – SC CHC APPEAL 03/2014-2025

In the case between LB Finance PLC and Muhammadu Thaibu Minnathun Naeem and others, the court addressed the adjudication of claims under a hire purchase agreement, specifically considering whether certain claims could be maintained given ongoing Magistrate’s Court proceedings. It was determined that claims under the 1st and 4th causes of action were valid and recoverable, while the 2nd and 3rd causes lacked merit due to dependency on unresolved issues before the Magistrate’s Court. The principle reaffirmed was that contractual entitlements, particularly relating to possession and lease payments for non-returned vehicles post-termination, can proceed independently of parallel forfeiture disputes. The decision focused on the interpretation of hire purchase terms, supported by affidavit and d