<p><strong>A. FATAYI-WILLIAMS, JSC</strong> (Delivering the Leading Judgment): The late Chief Adebiyi Majekodunmi, as plaintiff, claimed against the National Bank of Nigeria Ltd. in the High Court of the former Western State at Ibadan the sum of 9, 680 (N19, 360) whereof the sum of 8,000 (N16,000) was claimed as balance due to him for the assignment by him to the defendants of his leasehold property at New Court Road, Ibadan. The property was at all material times occupied by the West African Drug Company Limited. The balance of 1,680 (N3,360) was claimed as 10% compound interest on the said sum of 38,000 (N16,000) from April, 1969 to April, 1971 the month before he commenced proceedings.</p><p> The late Chief Majekodunmi was a legal practitioner in his life time. The defendants are bankers. By a deed of lease dated 1st November, 1957, the Ibadan Provisional District Council granted to the plaintiff the lease of a piece of land situated along New Court Road, Ibadan, for a term of 99 years from 1st January, 1948…</p>