Taking the first and third issues together, the central question is the interpretation to be given to Exhibit 2. I have already set it out above. The first question is what approach should be made in the interpretation of Exhibit 2? In my judgment it is crucial that Exhibit 2 should be construed in the context in which it was written. For, I believe it to be well – settled that in the interpretation of statutes we ought to bear in mind the circumstances when the Act was passed and the mischief which then existed and use them as an aid to the construction of the words which Parliament has used. See on this: Holme v. Guy (1877) 5 Ch. O. 596; River Wear Commissioners v. Adamson (1877) 2 App. Cas. 743, per Lord Blackburn; Eastman Photographic Materials Co., Ltd. v. Comptroller-General of Patents (1898) A.C. 571. Besides, words in a statute are to be construed in accordance with their intention. See Wandsworth Board of Works v. United Telephone Co. (1884) 13 Q.B.D. 904. These principles of interpretation have for a long time been applied to the interpretation of documents.
— Nnaemeka-Agu, JSC. Ashibuogwu v AG Bendel State (1988) – SC.25/1986