FATIMA OMORO AKINBAMI, J.C.A.(Delivering the Leading Judgment): The Ekiti State Micro Credit Agency, the Respondent herein was the Plaintiff before the High Court of Ekiti State, in Ado-Ekiti Judicial Division where they claimed against the Appellant then defendant herein as follows:-
(1) A sum of Three Million Seven Hundred and Twelve Thousand Naira (N3,712,000.00) only being the outstanding balance on an aggregate sum of Three Million Eight Hundred and Five Thousand Naira (N3,805, 000.00) only advanced by the Plaintiff as credit to several persons recommended by the Defendant to benefit under the Micro Credit Scheme of the Plaintiff with an undertaking to repay in the event of default by the recommended persons and which sum has remained unpaid by the Defendant upon the default of his recommended persons, despite repeated demands and entreaties from the Plaintiff.
(2) The Plaintiff claims 10% post judgment interest on the said sum of Three Million, Seven Hundred and Twelve Thousand …