HAMMA AKAWU BARKA, JCA (Delivering the Leading Judgement): This appeal is against the judgment of the High Court of Justice, Cross River State, Calabar Division, in suit No. HC/29/2016 between Aye James Robertson, suing by attorney Ayeanwan Eyo Aye, and Living Spring Micro Finance Bank Ltd and one other delivered on the 25th day of September, 2017. By the said judgment, the claimants claim was granted in the following terms:
“From the above it is clear that a Micro Finance Bank is not permitted to grant a loan exceeding
N500,000.00. while giving evidence under cross-examination on 8/5/2017, DW1 said a Micro Finance Bank could give a micro loan which is limited toN500,000.00, and other loans beyondN500,000,00. But it was the defendant who tendered Exhibit 19 as the extant guidelines regarding their operation as a Micro Finance Bank. Throughout Exhibit 19 I have not seen where a Micro Finance Bank is permitted to grant any loan other than the microloan mentioned therein. DW1 did not a…