PAA KOW COLE vs. AGRICULTURAL DEVELOPMENT BANK, STEPHEN AMANKWANDOH

The facts of this case are not complicated. The plaintiff is a lecturer in mathematics at the University of Cape Coast. He is also a customer with the first defendant at its Cape Coast branch. The second defendant is a longtime friend of the plaintiff. They grew up together in Swedru and attended Swedru Secondary School together. Second defendant attended University of Ghana and Plaintiff attended University of Cape Coast where he became a lecturer after he had completed his masters program. Second Defendant was transferred to the University of Cape Coast branch of the first Defendant bank as a credit officer. They both lived in the same neighbourhood, Pedu five minutes’ walk apart. The Manager of the University of Cape Coast branch of the Defendant bank went on a 72 day extended leave and the Second Defendant became the Acting Manager. On 22nd July, 2010, the Second Defendant approached Plaintiff for a financial help. He explained that he needed Ten Thousand Ghana Cedis (GH¢10,000...