MTN entered into a Trade Agreement with Corporate Communications Inv. Ltd. (“the Respondent”) who is one of MTN’s trade partners. The Agreement was drafted by MTN and sent to the Respondent for its signatures. The Respondent signed but MTN did not, and kept it. Parties however transacted on the basis of the contract. MTN thereafter terminated the Agreement without giving the required notice, relying on the relevant clause in the Agreement.

The Respondent (through its Counsel) challenged the contract termination and requested for amicable resolution. MTN was unmoved. Aggrieved, the Respondent sued MTN claiming damages for breach of contract. The Respondent pleaded that the abrupt cancellation of orders without a formal and valid termination of their Agreement has caused it huge financial loss.

The trial Court found for the Respondent and awarded N25 Million as damages and costs of N20,000. MTN's appeal to the Court of Appeal was dismissed.

At the Supreme Court, MTN sought to take advantage of its “ingenious booby trap” of not signing the Agreement. The Supreme Court had to deal with this and other serious contentions.

Check it out and see the lessons.

- https://stephenlegal.ng/3-fatal-errors-supreme-court-awards-n25-million-judgment-against-mtn-lessons/

Hahaha

Lol