Facts:

The claimant worked with the defendant as its Bank Manager. During the course of her employment, she went on her annual one month’s leave and while on leave she received a letter from the defendant, asking that she should remain on leave until such time as she would be recalled. In the course of her duties, as Manager, it was revealed that she had granted some unauthorized loans to certain persons, the grant of which was in clear contravention of the defendant’s policies and directives and contrary to the operational guidelines issued by the Central Bank of Nigeria for Community Banks.

In order to show her willingness and seriousness to recover the unauthorized disbursements, the claimant deposited the documents of title to her property with the defendant bank and thereafter brought an action against the defendant inter alia for a declaration that the claimant is not liable to the defendant for the unpaid loans of the defendant’s customers granted in the usual course of the defendant’s business and a declaration that the continue