[2017]DLHC3289 • June 27, 2017 • High Court
CITY INVESTIMENT COMPANY LTD vs. MRS JULIANA ADADE AND OTHERS
The plaintiff, City Investment Company Ltd, entered into an agency agreement with the 1st defendant, Mrs. Juliana Adade, who operated a business called Noble Character. The plaintiff provided funds to the 1st defendant to grant loans to public sector workers, with repayments deducted at source by the 2nd defendant and paid into a designated account for the plaintiff. The plaintiff claimed an outstanding debt of Gh¢6,790,726.82 as at December 2012, alleging the 1st defendant failed to repay this amount despite deductions. The 1st defendant denied owing the amount and counterclaimed for the refund of a fixed deposit frozen by the plaintiff, asserting that the 2nd defendant failed to remit all deductions to the plaintiff.
read morePlaintiff claims the following reliefs endorsed on its amended writ issued against the defendants: a. The payment of the sum of Gh¢6.790,726.82 being the amount owed by defendant to the plaintiff as at December, 2012 b. Interest at the prevailing bank rate from January, 2013 till date of final payment c. Cost d. Any other remedy that the court deems fit. In the statement of claim plaintiff claim defendant is its customer operating her business under the name Noble Character engaged in the business of hire purchase, supply of goods and giving out loans to workers in the public sector. This imposed an obligation on 1st defendant to operate a code at the 2nd defendant’s office into which all monthly deductions of the workers who had been granted loans were paid into for onward transfer to plaintiff. And that this formed part of an agency agreement it entered into with 1st defendant to provide money for the defendant to grant loans to public sector employees on government...