WOODGRANT LTD. & ANOR.
V.
SKYE BANK PLC.
CLARA BATA OGUNBIYI, J.C.A, (Delivering the Leading Judgment): The appellants herein have appealed against the ruling of the High Court of Lagos State dated 14th of April, 2008 delivered by Honourable Justice R.T.B. Adebiyi which granted the Reliefs sought in the motion for summary judgment brought pursuant to order II of the High court of Lagos State civil procedure Rules 2004. The Ruling of the High Court is contained at pages 175 - 178 of the Record of Appeal while the motion for summary judgment is contained at pages 78 - 119 of the Record of Appeal. The Ruling appealed against had granted the following reliefs to the Respondent:-
(a) The sum of N48,792,787,96k (Forty eight million, seven hundred and ninety two thousand seven hundred and eighty seven Naira ninety six kobo) due to the claimant as at 31st of December, 2006 on the credit facility granted by the claimant to the 1st Defendant repayment of which was guaranteed by the 2nd and 3rd and 4th Defendants.
(b) Interest on the s…