IBRAHIM MOHAMMED MUSA SAULAWA, J.C.A. (Delivering the Leading Judgment): The present appeal is against the judgment of the High Court of Lagos State, Lagos Judicial Division, which was delivered on June 8, 2005, in Suit No. LD/875/2003. By the said decision, the lower court, coram the Hon. Justice O. A. Ipaye granted a summary judgment in favour of the 1st and 2nd Respondents, respectively. Dissatisfied with the decision in question, the Appellant filed the notice of appeal thereof in the lower court on June 13, 2005.
BACKGROUND FACTS:
The 1st Respondent is an incorporated and duly licensed banking company, having the registered place of business thereof situate at 1, Idowu Taylor Street, Victoria Island, Lagos. It equally has some branches in other states of the Federation. On the other hand, the Appellant and the 2nd Respondent were the directors of Elfa Limited (the original 1st Defendant in the suit and Appellant in the sister appeal No. CA/L/97/06).
The case of 1st Respondent (P…