AWOTOYE JCA(Delivering the Lead Judgment): This is the judgment in the appeal filed by the appellants vide two notices of appeal dated 31 A March 2008 and 25 June 2008 against the judgment of Sokoto State High Court delivered on 31 March 2008. This appeal is based on the further amended notice of appeal deemed filed on 26 July 2012.
The plaintiff (now the respondent) had instituted an action against the defendants (now appellants) claimingas follows:
“Claim: The plaintiff claim is for the sum of N30,049,361.33k (thirty million andforty-nine thousand,three hundredand sixty- one naira, thirty-three kobo) beingthe outstandingdebt balance on the defendant’s accounts with the plaintiff as at 16 November 2007 arising from loan and overdraft facilities advanced but the plaintiff to the defendants the same being overdue and unpaid despite repeated demands, plus interest at rate of 35% until judgment and thereafter at 10% until liquidation and cost of the action.”
The action was brought under…