Facts:

The respondent was a limited liability company carrying on business as bankers with its head office at No.106/108 Broad Street, Lagos. The appellant on the other hand was a customer of the respondent at its Martins Street branch in Lagos. The respondent at the request of the appellant granted the latter overdraft facilities which accrued interest and bank charges, amounted to the sum of N99,653.85 (ninety nine thousand six hundred and fifty three naira, eighty five kobo)