OKORO JCA (Delivering the Lead Judgment): This is an appeal against the judgment of Hon. Justice Bode Popoola delivered on the 15th day of February, 2001 while sitting at the High Court of Justice, Abeokuta, Ogun State. At the court below, the appellants were defendants while the respondent was the plaintiff. The respondent’s claims against the appellants at the court below as contained in the amended statement of claim dated 3rd February, 1998 are for:- “(i) The sum of N1,728,369.83 (one million, seven hundred and twenty-eight thousand, three hundred and sixty-nine naira, eighty-three kobo) only being money payable by the defendants to the plaintiff, for money lent by the plaintiff to the defendants and for money paid by the plaintiff (sic) to the defendants as bankers for the defendants at theirrequests, and for interest agreed to be paid upon money due from the defendants to the plaintiff as at 31st day of May, 1997.
Interest at the rate of 21 % per annum from 1st June, 1997 unt…