MOHAMMED, JCA (Delivering the Leading Judgment): By a writ of summons dated 8/7/98, the plaintiff which is now the respondent before this court filed an action at the Kaduna State High Court holden at Kaduna, under the undefended list of that court pursuant to Order 22 rules 1-5 of the Kaduna State High Court (Civil Procedure) Rules 1987 against the defendants, who are now the appellants claiming the following reliefs:
1. The sum of £15,000.00 (Fifteen thousand pounds sterling) or the equivalent of ₦2,175,000.00 (Two Million, One Hundred and Seventy Five Thousand Naira) at the exchange rate of ₦145.00 to a pound sterling being the balance of $40,000.00 (Forty Thousand US Dollars) and £35,000 (Thirty Five Thousand Pounds Sterling) paid by the plaintiff to the defendants on investment of Jos Satellite Joint Venture.
2. Interest at the rate of 21 percent per annum on the said principals of $40,000.00 and £35,000.00 as follows.
(a) On $40,000.00 from 3/6/93-26/7/96 i.e $25,200.00.
(b) on …