SERBEH-YIADOM vs. STANBIC BANK (GH) LTD [2003]DLHC1035

Date	2003-02-27
Suit No.
Citation No.	[2003]DLHC1035

AMONOO-MONNEY JA

EMMANUEL OHENE (WITH HIM TOM AKABA) FOR THE PLAINTIFF.

SHEILA MINTA (MRS) FOR THE DEFENDANT.

[2003]DLHC1035
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													<main id="main" class="content" style="min-height: 60rem" ><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">SERBEH-YIADOM<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><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">STANBIC BANK (GH) LTD<o:p></o:p>[HIGH
COURT, ACCRA]<o:p></o:p>[2003-2005]
1 GLR 86<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">

<p class="MsoNormal" align="right" style="margin-bottom:5.0pt;text-align:right;
mso-pagination:none;border:none;mso-border-bottom-alt:solid windowtext 1.5pt;
padding:0in;mso-padding-alt:0in 0in 1.0pt 0in">Date: 27 February 2003<o:p></o:p>

</div>COUNSEL:<o:p></o:p>EMMANUEL
OHENE (WITH HIM TOM AKABA) FOR THE PLAINTIFF.<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">

SHEILA
MINTA (MRS) FOR THE DEFENDANT. <o:p></o:p>

AMONOO-MONNEY
JA<o:p></o:p>

</div>JUDGEMENT<o:p></o:p>Amonoo-Monney JA.
On 2 October 2000 the plaintiff sued out a writ of summons against the
defendant bank in which he claimed the following reliefs:<o:p></o:p><p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:5.0pt;
margin-left:.5in;text-align:justify;mso-pagination:none;border:none;mso-padding-alt:
31.0pt 31.0pt 31.0pt 31.0pt;mso-border-shadow:yes">“(a)
A declaration that the plaintiff owns 160,000 paid up shares of the
defendant-company. <o:p></o:p><p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:5.0pt;
margin-left:.5in;text-align:justify;mso-pagination:none;border:none;mso-padding-alt:
31.0pt 31.0pt 31.0pt 31.0pt;mso-border-shadow:yes">(b)
A declaration that the plaintiff is still a director of the defendant-company
and that any purported or alleged removal of the plaintiff as director is null
and void. <o:p></o:p><p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:5.0pt;
margin-left:.5in;text-align:justify;mso-pagination:none;border:none;mso-padding-alt:
31.0pt 31.0pt 31.0pt 31.0pt;mso-border-shadow:yes">(c)
A declaration that the purported dismissal of the plaintiff as executive
director of the defendant-company was wrongful, contrary to the provisions of
the Companies Code, 1963 (Act 179) and therefore null and void. <o:p></o:p><p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:5.0pt;
margin-left:.5in;text-align:justify;mso-pagination:none;border:none;mso-padding-alt:
31.0pt 31.0pt 31.0pt 31.0pt;mso-border-shadow:yes">(e)
A declaration that plaintiff is entitled to adequate payment for his work as
executive director from March 1995 until December 1996 and as director to date.
<o:p></o:p><p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:5.0pt;
margin-left:.5in;text-align:justify;mso-pagination:none;border:none;mso-padding-alt:
31.0pt 31.0pt 31.0pt 31.0pt;mso-border-shadow:yes">(f)
A declaration that the plaintiff is entitled to receive compensatory payment
equal to fifteen percentum of the defendant-company’s capitalisation in respect
of his remarkable vision, initiative and enterprise in bringing to reality the
defendant-company. <o:p></o:p><p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:5.0pt;
margin-left:.5in;text-align:justify;mso-pagination:none;border:none;mso-padding-alt:
31.0pt 31.0pt 31.0pt 31.0pt;mso-border-shadow:yes">(g)
A declaration that the plaintiff is entitled, similarly, to any payments
received by Alhaji F El-Aziz as honorarium for promotional work.<o:p></o:p><p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:5.0pt;
margin-left:.5in;text-align:justify;mso-pagination:none;border:none;mso-padding-alt:
31.0pt 31.0pt 31.0pt 31.0pt;mso-border-shadow:yes">&nbsp;(h) General damages. <o:p></o:p><p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:5.0pt;
margin-left:.5in;text-align:justify;mso-pagination:none;border:none;mso-padding-alt:
31.0pt 31.0pt 31.0pt 31.0pt;mso-border-shadow:yes">(i)
Costs.”<o:p></o:p>