MR. ADEMOLA MAJEKODUNMI & ANOR. V. AFRICAN INT. BANK LTD.

ADEREMI JCA (Delivering the Leading Judgment): The appeal here is against the final judgment delivered on the 18th February, 2000 by the High Court of Lagos State, Lagos Judicial Division in Suit No. LD/2673/98. There had been two appeals against two separate rulings in two interlocutory matters which rulings were delivered on the 15th January, 1999 and 26th February, 1999 respectively. The respondent who was the plaintiff in the court below had by the endorsement in its statement of claim sought the following reliefs from the appellants who were the defendants before that F court:- Against the defendants the sum of N13,719,346.45 (thirteen million seven hundred and nineteen thousand three hundred and forty six naira forty-five kobo) being the sum owed to the plaintiff by IIe-Oluji Cocoa Products Company Limited as at 29th December, 1995, on a loan facility of N6,000,000.00 (six million naira) granted by the plaintiff to the Ile-Oluji Cocoa Products Company Limited on 28th May, 1992, …