This is a 1977 case
this is about international law on trading
do state bodies have any immunity?
Did the Centeal Bank of Nigeria have such immunity?
It exercises some governmental functions
International law is incorported into domestic law unless this clashes with a statutory provision in which case statute shall prevail
Intl law is not often governed by stare decisis
Governments often engage in commerical activity.
An organ is either a state one or it is not. There can be no semi-state status in international law.