GALADIMA, J.C.A. (Delivering the Leading Judgment): The appellant herein, as the plaintiff in suit No. HOW/161/97 commenced an action against the defendant now the respondent in the Owerri High Court No. 8 of Imo State presided over by Ohakwe J. In the claim endorsed at the back of the writ of summons and the statement of claim, the plaintiff claims as follows:
"A. Refund of ₦195,000 (One hundred and Ninety-five thousand Naira) being the total principal sum lent to the Defendant by the plaintiff made up as follows:
(i) ₦35,000.00 (Thirty-five thousand Naira) under the 1st contract.
(ii) ₦20,000.00 (Twenty thousand Naira) under the 2nd contract.
(iii) ₦40,000.00 (Forty thousand Naira) under the 3rd contract; and
(iv) ₦100,000. 00 (One hundred thousand Naira) under the 4th contract.
B. ₦176,000.00 (One hundred and seventy six thousand Naira) being the total sum of monthly interest due under the 1st, 2nd and 3rd contracts from and including the month of November 1995 to and including the…