If there was any doubt that judgment can now be entered in foreign currency as the Court of Appeal had done, the opinion of Ogundare, JSC in Koya v. United Bank for Africa Ltd. (1997) 1 NWLR (Pt. 481) 251, 269 – 289 should, in my opinion, lay such doubt to rest. After a review of several local and English authorities he said at p. 289: “It is my respectful view that courts in this country can claim jurisdiction to entertain and determine cases where sums in foreign currencies are claimed. The old rule in England, as well as in Nigeria, is judge-made and in the light of present day circumstances of extensive international commercial relationships, that rule should give way to a new rule as now in England more so that the difficulties hitherto experienced in enforcing such judgments no longer apply.”
— Ayoola, JSC. Saeby v. Olaogun (1999) – SC.261/1993