The Appellant’s claim for interest falls into two parts: pre judgment and post judgment debt. A judgment debt is a debt or damage or other monetary award which has been pronounced upon by a court of competent jurisdiction. It begins when the court has pronounced its judgment in favour of the plaintiff. Therefore such interest are interest after adjudication and starts to run from date of judgment. It cannot be from the date of accrual of action.
– Nwodo, JCA. OLAM v. Intercontinental Bank (2009)