OKUNOLA, J.C.A. (Delivering the Leading Judgment): This is an appeal against the judgment of Hon. Justice S.A. Olagunju sitting in the High Court of Kwara State, Okene delivered on 27/3/86 in Suit No. KWS/OKHC/43/33.
The facts of this case briefly put are as follows:-
The plaintiff/appellant is a limited liability Company incorporated in Nigeria and carrying on the business of Commercial bankers with its Head Office at Kano, Nigeria. The 1st defendant, a limited company at Okene, is a customer of the plaintiff/appellant operating a current account No. 50195 with the Bank while the 2nd and 3rd defendants are directors of the 1st defendant who are signatories to the said 1st defendant's account with the plaintiff/appellant. Between May 1980 and September, 1983 the plaintiff granted to the defendants overdraft facilities to the tune of N179,187.84k including interests accruing thereon.
The plaintiff/appellant sued the defendant/respondent in the High Court of Okene after the defendant/respo…