ABEDI AYEW PELE AND MRS MAHA ABEDI AYEW PELE (PLAINTIFFS) vs. INTERNATIONAL COMMERCIAL BANK LTD (DEFENDANTS) [2001]DLHC7069

ABEDI AYEW PELE AND MRS MAHA ABEDI AYEW PELE (PLAINTIFFS) vs. INTERNATIONAL COMM... [2001]DLHC7069

Date	2001-07-16
Suit No.	MISC 1973/99
Citation No.	[2001]DLHC7069

HIS LORDSHIP JUSTICE NANA GYAMERA TAWIAH

MR. A. DERY WITH MISS LIMANN FOR PLAINTIFF'S PRESENT

MR. MINKA PRENO FOR DEFENDANTS

[2001]DLHC7069
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													<main id="main" class="content" style="min-height: 60rem" >&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; ABEDI AYEW PELE AND MRS MAHA ABEDI AYEW
PELE<o:p></o:p>(PLAINTIFFS)<o:p></o:p><span style="font-size:12.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;
mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;;
color:#00B0F0">vs.<o:p></o:p>INTERNATIONAL COMMERCIAL BANK LTD<span style="font-size:12.0pt;
line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;mso-fareast-font-family:
&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;;color:#00B0F0"><o:p></o:p>(DEFENDANTS)<o:p></o:p><o:p>&nbsp;</o:p>[HIGH COURT, ACCRA]<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0in 0in 1.0pt 0in">

</div>COUNSEL:<o:p></o:p>MR.
A. DERY WITH MISS LIMANN FOR PLAINTIFF'S PRESENT. <o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0in 0in 1.0pt 0in">

MR. MINKA PRENO FOR DEFENDANTS<o:p></o:p>

</div>CORAM:<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0in 0in 1.0pt 0in">

HIS LORDSHIP JUSTICE NANA GYAMERA
TAWIAH<o:p></o:p>

</div><o:p>&nbsp;</o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0in 0in 1.0pt 0in">

</div>The Court hereby enters
judgment in favour of Plaintiffs against Defendants as follows:- <o:p></o:p>(1) there exists a binding
contract between Plaintiff's and Defendants by which contract Defendants were
to take a lease of Plaintiffs' premises House No. 67, Kotobabi Road, Kotobabi,
Accra for a period of five years with effect from 1st November 1999. <o:p></o:p>(2) the amount of
¢141,682,000.00 paid by Defendants to Plaintiffs represented 25% of the first
year's rent in respect of the lease agreement. <o:p></o:p>(3) Defendants are to pay
to Plaintiffs the 75% balance of the first year's rent representing an amount
of ¢425,046,000.00 together with 7½% interest with effect from 1st November
1999 till date of final payment. <o:p></o:p>(4) Defendants are to pay
rents due from 1/11/2000 to today i.e 16/7/01. (<o:p></o:p>(5) Defendants are to pay
rents from 16/7/01 to the date of expiry of the 5 year term i.e 31/10/04. <o:p></o:p>I award Plaintiffs costs
of ¢30 million. <o:p></o:p>

Full reasons shall be read
on Tuesday 31/7/2001.<o:p></o:p></main>