CRAIG, J.S.C. (Delivering The Leading Judgment):The Plaintiff's claim in the High Court of Lagos State was as follows:
"The Plaintiff's claim against the Defendants jointly, severally or in the alternative is for sum of N100, 000.00 (One Hundred Thousand Naira) being special and general damages for breach of an oral contract when in or about January,1976 at Lagos the Defendants induced the Plaintiff to hand over to them sum of N50, 000.00 (Fifty Thousand Naira) which they promised they would refund back to him upon the completion of the contract which they claimed they were then executing at or around the Festival Village along Badagry Road which they told the Plaintiff was bringing them large amounts of profits which they promised they would share with the Plaintiff. The Defendants have since completed the contract but have only after persistent demands refunded to the Plaintiff N4, 000.00 (Four Thousand Naira) out of the said N50, 000.00 (Fifty Thousand Naira) leaving a balance of N…