JIMI OLUKAYODE BADA, J.C.A. (Delivering the Leading Judgment): This is an appeal against the Judgment of High Court of Justice of Edo State, Benin Division in Suit No: B/707/2010 BETWEEN: INTERCONTINENTAL BANK PLC (NOW ACCESS BANK PLC) AND (1) MIABET NIG. LIMITED (2) M.A. IRABOR delivered on the 19th day of July, 2012, wherein Judgment was entered in favour of the Plaintiff (now Respondent) and against the Defendants (now Appellants).
Briefly, the facts of the case are that on 16/9/2010, the Respondent instituted Suit No. B/707/2010 against the Appellants at the lower Court for the sum of (N6, 323, 456.21) Six million, three hundred and twenty-three thousand, four hundred and fifty-six Naira, twenty-one kobo being alleged debt owed the Respondent. The Respondent also claimed Pre-Judgment interest on the aforesaid sum of money at the rate of 19% per annum from 1st September, 2010 till the alleged debt is liquidated.
On 29/11/2010, the lower Court made an order pursuant to the Respondents…