MUOMAH
V.
SPRING BANK PLC.
ADAMU JAURO, J.C.A. (Delivering the Leading Judgment): This is an appeal against the ruling of the High Court of Justice Lagos State, sitting in the Lagos Judicial Division in Suit No. LD/1344/04 delivered on the 17th day of February 2005, by Hon. Justice A. A. Phillips.
The claim of the appellant as plaintiff, against the respondent in the court below, is as contained in paragraph 24 of the Statement of Claim, as follows:-
"(a). The sum of N1,625,000.00 (One Million Six Hundred and Twenty Five Thousand Naira) being the value of the Bank cheques purchased by the plaintiff from the defendants, which cheque was never cashed but instead, placed in an escrow account and N30,527.65 (Thirty Thousand Five Hundred and Twenty Seven Naira, Sixty Five kobo) being the credit balance in the plaintiffs account No.202411 with the defendants Bank as at 31st December, 1997.
(b). Interest on the said sums of N1,625,000.00 and N30,527 65 at the rate of 25% per annum from 20th June, 1994 until the plaint…