Atoke v DFCU Bank & Anor (Civil Suit No. 324 of 2010)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
An interlocutory application for court-directed valuation of mortgaged property was dismissed where the registered owner was not a party to the suit and where a parallel suit challenging the mortgagee's sale was pending. The court held it could not order valuation of private property without the owner's consent, as the registered proprietor's rights must be observed and respected.
Outcome
Application for valuation directions dismissed; plaintiff to determine property values by alternative methods
Facts
The plaintiff sought an order for the court to appoint a valuer to determine the current market value of suit property. The plaintiff's alternative prayer in the plaint sought payment of the monetary equivalent of the property's current market value to be determined by a court-appointed valuer. The suit property had been mortgaged to the first defendant. A parallel suit (HCCS No. 303 of 2010) was pending in the same division, filed by the registered owner challenging the first defendant's sale or purported sale of the property. The registered owner of the suit property was not a party to the present suit.
Issues
- Whether the court should grant the plaintiff's application for directions to cause valuation of suit property at the interlocutory stage.
- Whether the court can order valuation of property whose registered owner is not a party to the suit.
Orders
- Application for court-directed valuation of suit property dismissed.
- Plaintiff advised to use other available methods to determine ongoing prices of properties/land in the area.
Rules and key headnotes
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.