UGOCHUKWU ANTHONY OGAKWU, J.C.A. (Delivering the Leading Judgment): This appeal is associated with appeal number CA/L/227/2008: UNION BANK OF NIGERIA PLC v. CHIEF OLUDOTUN OLAJIDE KOLEOSO (Carrying on business as O. O. Koleoso and Co.), the judgment in respect of which has been delivered this morning. This present appeal is by way of cross appeal against the decision of the High Court of Lagos State, Coram: A. A. Alabi, C.J in SUIT NO. LD/3386/1994: CHIEF OLUDOTUN OLAJIDE KOLEOSO (Carrying on business as O. O. Koleoso and Co.) v. UNIVERSAL TRUST BANK PLC (UNION BANK OF NIGERIA PLC).
The Cross Appellant who was the Claimant in the action at the lower Court largely succeeded in the judgment of the lower Court which was delivered on 8th December, 2006. Upon the Appellant/Cross Respondent appealing against the decision of the lower Court, the Respondent/Cross Appellant equally filed a Cross Appeal pursuant to leave of Court granted on 17th January 2011. The Notice of Cross Appeal was filed…