GEORGE KOFI NTIM vs. NOBLE DREAM FINANCIAL SERVICES LTD.

This judgment is in respect of the recovery of monies said to have been invested in a fixed or time deposit product of the Defendant micro-finance company described as "Noble Trust". The case of the Plaintiff is that he was induced by the numerous advertisements and marketing strategies of the Defendant company to deposit GHS 5,000.00 and GH¢ 8,000.00 on 19/12/2003 and 08/03 /2014 respectively at an agreed interest rate of 10.5% for three months. However, after the respective maturity dates and subsequent persistent demands, the defendant has failed to pay him the principal amounts invested totaling GH¢ 14, 365.00 plus the accrued interest. In the statement of defence filed on 7/11/14, the Defendant company alleged that it has never had any dealings with the Plaintiff, he is not one of its customers and the company is not in any way indebted to him. The Defendant further alleged that the Plaintiff has taken advantage of its operational difficulties and misunderstanding with some.....