VICTORIA ISLAND PROPERTIES LTD & ANZ GRINDLAYS BANK LTD vs. STANDARD CHARTERED BANK GH LTD & E. O. EFFIONG [2006]DLSC2433

VICTORIA ISLAND PROPERTIES LTD & ANZ GRINDLAYS BANK LTD vs. STANDARD CHARTERED B... [2006]DLSC2433

Date	2006-12-20
Suit No.	Civil Appeal No. J4/5/2006
Citation No.	[2006]DLSC2433

Atuguba J.S.C.(Presiding)

Brobbey J.S.C.

Dr. Twum J.S.C

Mrs. Adinyira J.S.C

Asiamah J.S.C.

MR. ATTA AKYEA FOR THE APPELANT.

MR. ACE ANKOMA FOR THE RESPONDENT.

<p class="mb-5" id="contentDlCitation"  hidden>[2006]DLSC2433</p>
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													<main id="main" class="content" style="min-height: 60rem" ><span style="font-size: 18px !important;"><span style="font-size: 18px !important;"><p class="MsoNormal" align="center" style="margin-bottom: 7.5pt; text-align: center; line-height: 15.55pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><b><span lang="en-GH" style="font-size:
12.0pt;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Times New Roman&quot;;
mso-bidi-font-family:&quot;Times New Roman&quot;;color:#00B0F0;mso-fareast-language:#0C00">VICTORIA
ISLAND PROPERTIES LTD &amp; ANZ GRINDLAYS BANK LTD</span></b><span lang="en-GH" style="font-size:13.5pt;font-family:&quot;Helvetica Neue&quot;,serif;mso-fareast-font-family:
&quot;Times New Roman&quot;;mso-bidi-font-family:&quot;Times New Roman&quot;;color:#00B0F0;
mso-fareast-language:#0C00"><o:p></o:p></span></p><p class="MsoNormal" align="center" style="margin-bottom: 7.5pt; text-align: center; line-height: 15.55pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><b><span lang="en-GH" style="font-size:
12.0pt;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Times New Roman&quot;;
mso-bidi-font-family:&quot;Times New Roman&quot;;color:#00B0F0;mso-fareast-language:#0C00">vs.</span></b><span lang="en-GH" style="font-size:13.5pt;font-family:&quot;Helvetica Neue&quot;,serif;
mso-fareast-font-family:&quot;Times New Roman&quot;;mso-bidi-font-family:&quot;Times New Roman&quot;;
color:#00B0F0;mso-fareast-language:#0C00"><o:p></o:p></span></p><p class="MsoNormal" align="center" style="margin-bottom: 7.5pt; text-align: center; line-height: 15.55pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><b><span lang="en-GH" style="font-size:
12.0pt;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Times New Roman&quot;;
mso-bidi-font-family:&quot;Times New Roman&quot;;color:#00B0F0;mso-fareast-language:#0C00">STANDARD
CHARTERED BANK GH LTD &amp; E. O. EFFIONG</span></b><span lang="en-GH" style="font-size:13.5pt;font-family:&quot;Helvetica Neue&quot;,serif;mso-fareast-font-family:
&quot;Times New Roman&quot;;mso-bidi-font-family:&quot;Times New Roman&quot;;color:#00B0F0;
mso-fareast-language:#0C00"><o:p></o:p></span></p><p class="MsoNormal" align="center" style="margin-bottom: 7.5pt; text-align: center; line-height: 15.55pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span lang="en-GH" style="font-size: 10pt; font-family: &quot;Book Antiqua&quot;, serif;">[SUPREME
COURT</span><span lang="EN-US" style="font-size: 10pt; font-family: &quot;Book Antiqua&quot;, serif;">, ACCRA</span><span lang="en-GH" style="font-size: 10pt; font-family: &quot;Book Antiqua&quot;, serif;">]</span><span lang="en-GH" style="font-size: 13.5pt; font-family: &quot;Helvetica Neue&quot;, serif;"><o:p></o:p></span></p><div style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1.5pt solid windowtext; padding: 0cm 0cm 1pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">

<p class="MsoNormal" align="center" style="margin-bottom: 7.5pt; text-align: center; line-height: 15.55pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; border: none; padding: 0cm;"><span lang="en-GH" style="font-size: 10pt; font-family: &quot;Book Antiqua&quot;, serif;">CIVIL APPEAL NO. J4/5/2006</span><span lang="EN-US" style="font-size: 13.5pt; font-family: &quot;Helvetica Neue&quot;, serif;">&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; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</span><span lang="en-GH" style="font-size: 10pt; font-family: &quot;Book Antiqua&quot;, serif;">DATE: 20TH DECEMBER, 2006.<o:p></o:p></span></p>

<p class="MsoNormal" style="margin-bottom: 7.5pt; text-align: justify; line-height: 15.55pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; border: none; padding: 0cm;"><span lang="en-GH" style="font-size: 12pt; font-family: &quot;Book Antiqua&quot;, serif;">&nbsp;MR. ACE ANKOMA FOR THE RESPONDENT.<o:p></o:p></span></p>

</div><p class="MsoNormal" style="margin-bottom: 7.5pt; text-align: justify; line-height: 15.55pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><b><span lang="en-GH" style="font-size: 12pt; font-family: &quot;Book Antiqua&quot;, serif;">DR.
S. TWUM, J.S.C.:&nbsp; <o:p></o:p></span></b></p><p class="MsoNormal" style="margin-bottom: 7.5pt; text-align: justify; line-height: 15.55pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span lang="en-GH" style="font-size: 12pt; font-family: &quot;Book Antiqua&quot;, serif;">This is an appeal
from the judgment of the Court of Appeal dated 12th November 2004. It
substantially confirmed the judgment of the trial High Court delivered on 24th
May 2001.</span><span lang="en-GH" style="font-size: 13.5pt; font-family: &quot;Helvetica Neue&quot;, serif;"><o:p></o:p></span></p><p class="MsoNormal" style="margin-bottom: 7.5pt; text-align: justify; line-height: 15.55pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span lang="en-GH" style="font-size: 12pt; font-family: &quot;Book Antiqua&quot;, serif;">Even though the Court
of Appeal claimed to have confirmed the judgment of the trial High Court, dated
24th May 2001, its final order dismissed the trial Court’s holding that “the
2nd Plaintiff is liable to the 1st Defendant in this matter and must indemnify
the 1st Defendant who raised indemnity in its Statement of Defence.”</span><span lang="en-GH" style="font-size: 13.5pt; font-family: &quot;Helvetica Neue&quot;, serif;"><o:p></o:p></span></p><p class="MsoNormal" style="margin-bottom: 7.5pt; text-align: justify; line-height: 15.55pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span lang="en-GH" style="font-size: 12pt; font-family: &quot;Book Antiqua&quot;, serif;">It is against this
judgment that the 1st Defendant/Appellant (hereinafter called “the Appellant”)
has appealed to this Court. It was aggrieved by the decision of the Court of
Appeal holding it liable for the loss of the sum of US $82,000.00 belonging to
the 1st Plaintiff/Respondent (hereinafter called “the Respondent”)</span><span lang="en-GH" style="font-size: 13.5pt; font-family: &quot;Helvetica Neue&quot;, serif;"><o:p></o:p></span></p><p class="MsoNormal" style="margin-bottom: 7.5pt; text-align: justify; line-height: 15.55pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span lang="en-GH" style="font-size: 12pt; font-family: &quot;Book Antiqua&quot;, serif;">The Appellant filed
three grounds of appeal, namely:</span><span lang="en-GH" style="font-size: 13.5pt; font-family: &quot;Helvetica Neu</main>