It is also settled law that generally negotiation by the party does not prevent or stop the period of limitation stipulated by a statute from running. This however is subject to qualification that where there has been admission of liability during negotiation and all that remains is fulfillment of the agreement it can not be just and equitable that the action would be barred after the statutory period of limitation giving rise to the action if the defendant were to resile from the agreement during negotiation. See NWADIARO v. SHELL PET. DEV. COY (1990) 5 NWLR (Pt.150) page 322 at 338 – 339; SHELL PET. DEV. COY. V. FARAH (1995) 3 NWLR (Pt.382) page 148 at 156 ratio 4.
— E. Eko, JCA. SPDC v. Ejebu (2010) – CA/PH/239M/2002