Facts:

The 2nd appellant approached the respondent and offered to sell to it a piece of land situate at Ozumba Mbadiwe Street, Victoria Island, Lagos which had been allocated to her by the Federal Ministry of Works. As a result of the offer, the respondent mandated its company secretary, to conduct search on the piece of land and to negotiate the purchase price of the said piece of land. The search having been concluded, the 1st appellant and the respondent executed a sale agreement in respect of the piece of land, wherewith the 1st appellant agreed to sell the land at N6,000,000.00 (six million naira) to the respondent.