CLARA BATA OGUNBIYI, J.C.A, (Delivering the Leading Judgment): The appeal at hand is a product of a ruling of the High Court of Lagos State sitting at Ikeja delivered on the 4th day of February 2010, and was made following the Claimant/Respondents' application dated 2nd April, 2009 wherein the following reliefs sought were as follows:-
(1) An Order entering final judgment against the Defendants jointly and severally in the sum of USD111,748,09 (One hundred and eleven thousand, seven hundred and forty eight dollars and nine cent) being debts owed the Claimant by the Defendants in respect of goods supplied to the Defendants which the Defendants have defaulted to pay for.
(2) An order directing the Defendants to pay interest on the said sum at the rate 45% per annum from August 4, 2004 till full and final judgment debt is paid.
(3) An order directing the Defendants to pay N2,000,000:00 (Two Million Naira) general damages to the claimant."
The application was supported by a 13 paragraphs …