PAUL OBI ELECHI, J.C.A. (Delivering the Leading Judgment): This is an appeal against the decision of his Lordship Hon. Justice Andrew Okon sitting at Eket High Court Akwa Ibom State, against the Ruling in suit No. HEK/UND.27/2005 delivered on the 7th November, 2005 in favour of the Respondent herein, who was the Plaintiff at the lower Court.
Dissatisfied with the decision of the lower Court, the Appellant/Applicant has now filed a Notice of Appeal dated the 15th day of November, 2005 supported with seven Grounds of Appeal.
The facts of this case are that the Defendant/Appellant on the 9th day of May, 2002 applied for and was offered an overdraft facility of N6,500,000.00 (Six Million, Five Hundred Thousand Naira) for 12 months and a loan of N4,000,000.00 (Four Million Naira) for four months, all totalling N10,500,000.00 (Ten Million, Five Hundred Thousand) by the Plaintiff/Respondent, through its letter of offer/approval dated 25th June, 2002 and same was received by the Defendant/Res…