ACB LTD
V.
ALAO

SAMSON ODEMWINGIE UWAIFO, J.C.A. (Delivering the Leading Judgment): The main issues in this appeal concern the Bills of Exchange Act and the Exchange Control Act. They touch upon what to do with a total of forty-five bank drafts with proceeds of £212,310.00 to which the plaintiff, a Benonois living in Port Novo, claims to be entitled to. The said claim is based on some loans of some amount of unspecified CFA Francs which he allegedly gave to some also unnamed Nigerian traders for the payment of their children's school fees in the United Kingdom (U.K.) when they met in Cotonou between December, 1980 and January, 1981. The forty-five bank drafts which were said to be in repayment were made payable in the U.K. They were issued by the defendant bank in Lagos, on the application of whom no evidence was led. They were all dated between December, 1980 and January, 1981. The honouring of the drafts ran into difficulty in London. The plaintiff wanted them credited into his account in London. T…