ABIMBOLA OSARUGUE OBASEKI-ADEJUMO, J.C.A. (Delivering the leading Judgment): The Appellant filed this appeal against the judgment of K. A. JOSE, (Mrs.) J., of the Lagos State High Court Lagos delivered on 2nd May, 2012.
The suit in the lower Court was commenced by a Writ of Summons and Statement of Claim dated 6th May, 2009.
"i. The sum of N20,000,000.00 (Twenty Million Naira) as damages for breach of contract.
ii. The sum of N10,000.000.00 (Ten Million Naira) as damages for loss of use of money at the said time.
iii. 21% interest on the money in the Claimant's account from October, 2008 until same is paid.
iv. A declaration that the deduction of N869,541.25 from the Claimant's account without its consent is unauthorized, is illegal.
v. N1,000.000.00 (One Million Naira) being cost of this litigation."
The contention in this matter was that Respondent operated an account Number 1501000036 with Appellant's Bode Thomas Branch, Surulere for the purpose of its business and had a credit of N8,000.…