KOFI ADAMS vs. IBRAHIM KOFFI [2010]DLHC3875

Date	2010-11-25
Suit No.	SUIT NO.TRPC/153/09
Citation No.	[2010]DLHC3875

ANGELINA MENSAH-HOMIAH (MRS.) JUSTICE OF THE HIGH COURT

KWABENA ADUTWUM-MMROSA FOR THE PLAINTIFF.

YAW BOAFO FOR THE DEFENDANT.

[2010]DLHC3875
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													<main id="main" class="content" style="min-height: 60rem" ><a name="OLE_LINK1">KOFI
ADAMS<o:p></o:p></a>vs.<o:p></o:p>IBRAHIM KOFFI<o:p></o:p>&nbsp;[HIGH COURT (COMMERCIAL DIVISION), KUMASI]<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">

SUIT NO.TRPC/153/09&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; &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;DATE: 25TH
NOVEMBER, 2010<o:p></o:p>

</div>COUNSEL:&nbsp;&nbsp; <o:p></o:p>KWABENA
ADUTWUM-MMROSA 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">

ANGELINA MENSAH-HOMIAH (MRS.)
JUSTICE OF THE HIGH COURT<o:p></o:p>

JUDGMENT<o:p></o:p>

</div>The plaintiff herein sued the
defendant herein for the following reliefs:<o:p></o:p>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recovery of GH¢15,000.00 being
financial assistance plaintiff upon request in October 2008 granted&nbsp; defendant to resuscitate his business,
promising to repay on 30th November 2008, which Defendant failed,
and has since rebuffed&nbsp; all demand
notices and reminders to repay<o:p></o:p>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest on the amount from November
30th &nbsp;2008 to the date of
final payment<o:p></o:p>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alternatively judicial sale of House
number 36 ,Block D, Ridge, Obuasi to enable proceeds of the sale to be applied
to the redemption of defendant’s indebtedness to plaintiff.<o:p></o:p>The Plaintiff’s case is that he gave
financial assistance to the tune of fifteen thousand Ghana Cedis (GH¢15,000.00)
to the Defendant to revive his business. According to the plaintiff, the said
amount of money was given to the Defendant on 27/11/2008 after persistent
requests had been made and it was without interest. It is also the plaintiff’s
case that the Defendant made a written undertaking in respect of the
transaction and&nbsp; secured repayment of the
debt with his house number 36 Block D, Ridge , Obuasi.<o:p></o:p>The defendant’s case is that he
legally obtained a mining concession at Assin Fosu from the Minerals
Commission. He further alleged that the plaintiff expressed interest in doing
business with him and invested twelve thousand Ghana Cedis as his equity
contribution whilst the defendant used the concession as his equity contribution.
The defendant also stated that all gold mined on the said concession was
delivered to the plaintiff to defray his initial investment in the joint
venture. These allegations were denied by the plaintiff.<o:p></o:p><o:p>&nbsp;</o:p>The following issues were set down
for trial:<o:p></o:p><ol style="margin-top:0in" start="1" type="1">
 <li class="MsoNormal" style="text-align:justify;line-height:115%;mso-list:l0 level1 lfo1;
 tab-stops:list .5in">Whether
 or not Defendant requested for and obtained an amount of GH¢ 15,000.00 as
 financial assistance from Plaintiff?<o:p></o:p></li>
 <li class="MsoNormal" style="text-align:justify;line-height:115%;mso-list:l0 level1 lfo1;
 tab-stops:list .5in">Whether
 or not the Defendant secured the amount of GH¢15,000.00 with his house,
 i.e. House no. 36 Block ‘D’ Ridge Obuasi?<o:p></o:p></li>
 <li class="MsoNormal" style="text-align:justify;line-height:115%;mso-list:l0 level1 lfo1;
 tab-stops:list .5in">Whether
 or not the plaintiff entered into a joint venture agreement with
 Defendant?<o:p></o:p></li>
 <li class="MsoNormal" style="text-align:justify;line-height:115%;mso-list:l0 level1 lfo1;
 tab-stops:list .5in">Whether
 or not the Plaintiff invested GH¢ 12,000.00 in a joint venture agreement
 with Defendant?<o:p></o:p></li>
 <li class="MsoNormal" style="text-align:justify;line-height:115%;mso-list:l0 level1 lfo1;
 tab-stops:list .5in">Whether
 the Defendant ever admitted owing Plaintiff and promised to pay the sum
 involved.<o:p></o:p></li>
</ol>I find it necessary to
resolve the 3rd and 4th issues together.<o:p></o:p>&nbsp;These are:<o:p></o:p>