This is a second appeal. It arises from the
decision of the Court of Appeal which reversed

the judgment of the High Court given in favour
of the present appellants. The background is
that the respondent owned 3 plots of land he
obtained a loan using the plots which he
subsequently sold and allegedly serviced the
loans. At trial, the issue was whether the
transaction was a sale agreement or a mortgage
and it was held that the transaction was a sale
agreement and the issue at appeal was whether
there was consideration which the appellant
court answered in the affirmative. On this
further appeal, the grounds for determination
are that the justices of Appeal misdirected
themselves on the legal nature of
consideration; and failed to subject the
evidence adduced at the trial to a fresh and
exhaustive scrutiny, thereby coming to a wrong
conclusion that the suit agreements were not
supported by any consideration and wrongly
accepted the respondent's version.