RAPHAEL CHIKWE AGBO, J.C.A.(Delivering the Leading Judgment):The Respondent in this appeal took out Suit No. A/99/2005 at the Abia State High Court sitting at Aba claiming of the appellant as follows:
1. The sum of N317,000.00 (Three Hundred and Seventeen Thousand Naira only) being balance of interest free friendly loan granted the Defendant by the Plaintiff.
2. The sum of N10.00 per centum per annum on the judgment debt.
PARTICULARS
1. The plaintiff is a businessman of No. 11 Adaelu Road, Osisioma, Abia State.
2. The Defendant is a politician and pastor-in- charge of Holy Ghost Fire and Miracle Ministry, No. 52 Azikiwe Road, Aba and resident at No. 12 Etche Road by Mosque Street, Aba.
3. The Defendant sometime in February, 2003 approached the Plaintiff, requested and was granted a friendly interest-free loan of N500,000.00 (Five Hundred Thousand Naira only).
4. The entire loan have since become due and sometime in December, 2003, the Defendant paid the Plaintiff the sum of N183,000.00 (One …