CLARA BATA OGUNBIYI, J.S.C. (Delivering the Leading Judgment): This is an appeal against the judgment of the Kaduna Division of the Court of Appeal delivered on the 16th day of December, 2004 wherein the court dismissed the appellants' appeal and affirmed the judgment of the Zamfara State High Court in suit No. ZMS/GS/8/2002 delivered on the 26th day of March, 2002. In the said suit, the plaintiffs now respondents claimed against the defendants now appellants various sums of money as follow:-
(i) The sum of N2,087,435.00 (Two Million, Eighty-Seven Thousand, Four hundred and Thirty-Five Naira only) plus interest on the said sum at 24% per annum calculated at monthly rate from 26/3/2001 until judgment and thereafter at 10% until final liquidation.
(ii) The sum of N274,000.00 (Two Hundred and Seventy-Four Thousand Naira) had and received of the 2nd Respondent by the 2nd and 3rd Appellants in order to facilitate the payment of (i) above; plus interest at 24% per annum calculated at monthl…