FRED ADJEI BOATENG vs. BRISK CREDIT

Plaintiff is a taxi driver. Defendant is a micro finance company in the business of lending money. On 11th March, 2013, Defendant advanced a loan amount of GHS5,000.00 to Plaintiff for a period of twelve (12) months ending 27th February, 2014. Plaintiff was to service the loan by weekly payment of GHS167.00 inclusive of interest. The loan was secured with the document of Plaintiff’s taxi and a personal guarantor. Plaintiff concedes that, he defaulted in the repayment since his taxi was involved in an accident and he notified Defendant of same. Plaintiff averred that, in September, 2013, Defendant seized his taxi which was used as security for the loan. Plaintiff averred further that, he went to Defendant to discuss the seizure of his taxi in another taxi bought for him by one George Hammond and Defendant seized that taxi as well and has since refused to release both cars. It is Plaintiff’s case that, by the seizure of the two taxi vehicles, he is losing daily sales income of GHS50....