Facts:

The appellant is a commercial bank carrying on business in Nigeria while the respondent is a real estate Company. The respondent is also the appellant’s customer. On the 28th of June 2013, the sum of about N88,530,000.00 (Eighty-Eight Million, Five Hundred and Thirty Thousand Naira) was transferred into the respondent’s account with the appellant. That same day, the respondents’ Managing Director gave instructions to the appellant for the transfer of N24,000,000.00 (Twenty Four Million Naira) to one Tola Animashaun which was carried out. He also gave further instructions for three other transfers which were not effected. Displeased with the appellant’s delay, the respondent instituted an action at the lower court for breach.
In its final decision the court granted judgment in favour of the respondent. Dissatisfied by the decision of the lower court the appellant appealed to the Court of Appeal seeking inter alia the determination of the court on whether the grant of damages in the sum of N8,000,000.00 (Eight Million Naira) is not excessive and unsupported.