SOTONYE DENTON WEST, J.C.A. (Delivering the Leading Judgment): This appeal is against the decision delivered on 16/01/2009 by the High Court of Ondo State, Owo Judicial Division, Ondo State (hereinafter simply referred to as the "lower court") presided over by Hon. Justice A. O. Adebusoye (hereinafter simply referred to as "the learned trial Judge) wherein His Lordship entered judgment by dismissing the suit on the ground of being statute barred.
SUMMARY OF FACTS
The parties at the lower court filed and exchanged their respective pleadings. The plaintiffs (hereinafter referred to as the Appellants) case at the lower court is that the 1st Appellant is a limited liability company while the 2nd Appellant is the Chief Executive Officer and acted for and on behalf of the 1st Appellant with respect to its dealings with the Respondent, the Respondent at the time was known as Cooperative Bank Plc with headquarters at Ibadan but having a branch at Owo, Ondo State, and later merged with other b…