FIDELITY BANK GHANA LTD. (PLAINTIFF) vs. SAGE PETROLEUM LTD & ANR. (DEFENDANTS)

By its writ of summons filed on the 1st November 2017, the plaintiff claims, among others, against the defendants herein: An order for the recovery of the sum of Thirty Two Million Seven Hundred and Ninety Eight Thousand, Four Hundred and Fourteen Dollars, Forty-six cents (USD 32, 798,414. 46) being Defendants’ indebtedness to Plaintiff in respect of Documentary Import credit Facility received from the Plaintiff as at 30th September 2017. And, by a motion on notice filed on the 20th March 2018, the plaintiff/applicant seeks “an order of interlocutory injunction by way of mareva injunction and or an order for interim preservation to freeze and or preserve the proceeds of the ESLA. Plc bond issue for the payment of the Energy Sector Debt owed by the Tema Oil Refinery (TOR) to the 1st defendant/respondent pending the final determination of this suit”. In its supporting affidavit, the applicant has deposed that it made available to the 1st defendant/respondent a credit facility in...