FERDINAND GEORGE V. UNITED BANK FOR AFRICA LTD.

A. FATAYI-WILLIAMS, J.S.C. (Delivering the Leading Judgment): In Suit No. K/64/1967, the plaintiffs in the Kano High Court claimed in their writ as follows:-

"The plaintiffs claim against the defendant is:-

1. for the sum of 21,178.9.11d (pounds) being money payable by the defendant to the plaintiffs for money lent by the plaintiffs to the defendant and for money paid by the plaintiffs for the defendant as bankers and agents for the defendant at his request and for interest upon money due from the defendant to the plaintiffs and foreborne at interest by the plaintiffs to the defendant at his request and for bank charges, full particulars of all of which are contained in the affidavit in support hereof; and

2. for compound interest on the said sum of 21,178.9.11d (pounds) at the rate of eleven per centum per annum with monthly rates from the 29th June, 1967 until repayment or judgment."

Pleadings were ordered and were duly filed and delivered.

The plaintiffs statement of claim read…