Facts:

The appellant sued Allied Bank of Nigeria Plc (now in liquidation and currently being managed by the respondent) at the High Court of Justice of Oyo State, Ibadan division, for the recovery of the outstanding balances in his two accounts totaling N1,007,276.36k (one million, seven thousand two hundred and seventy six naira, thirty-six kobo) and he won but the judgment was not executed. In 1998, the Central Bank of Nigeria revoked the license of the Allied Bank of Nigeria Plc and by the instrument of revocation, vested its management on the respondent, Nigerian Deposit Insurance Commission.