TUNDE O. AWOTOYE, J.C.A. (Delivering the Leading Judgment): This is the judgment in the appeal filed by the appellant, Alao Amos Olusayo, against the judgment of Abbas J of Sokoto High Court of Justice delivered on 27/2/2009 in suit No SS/32/2006.
The plaintiff at the lower court (who is now the Respondent) claimed as follows:
"CLAIM: The plaintiff's claim against the defendant as follows:
1. The sum of N646,000.00 only being the sum due and owing by the defendant on a hire purchase agreement between them.
2. The sum of N10,491,183.49 being the sum money due and owing by the defendant on a hire purchase scheme between from 1st October 2003 and 30th November 2005.
3. Interest rate of 32% per annum on N646,000.00 from 23rd June, 2006 till judgment.
4. And interest rate of 32% per annum on N10,491,183.49 from 30th November 2005 till judgment."
The defendant filed a statement of defense to the claim and also counter-claim as per paragraph 17 of the statement of Defense thus;
"WHEREOF th…