NYANKOMASI AHENKRO RURAL BANK (PER THE MANAGER) vs. NANA YAW [2011]DLCA7941

Date	2011-10-27
Suit No.	SUIT NO. H1/111/10
Citation No.	[2011]DLCA7941

KANYOKE J.A (PRESIDING)

YAW-APPAU J.A

OFOE J.A

MR. GUSTAV ADDINGTON FOR DEFENDANT/RESPONDENT

MR. FRANKLIN ADJEI CUDJOE FOR PLAINTIFF/APPELLANT

[2011]DLCA7941
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													<main id="main" class="content" style="min-height: 60rem" >NYANKOMASI
AHENKRO RURAL BANK (PER THE MANAGER)<o:p></o:p>(PLAINTIFF/APPELLANT)<o:p></o:p>vs.<o:p></o:p>NANA YAW<o:p></o:p>(DEFENDANT/APPELLANT)<o:p></o:p><o:p>&nbsp;</o:p>[COURT OF APPEAL,
ACCRA]<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0cm 0cm 1.0pt 0cm">

SUIT
NO. H1/111/10&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; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;DATE:
27TH OCTOBER,
2011<o:p></o:p>

</div>COUNSEL:<o:p></o:p>MR.
GUSTAV ADDINGTON FOR DEFENDANT/RESPONDENT<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0cm 0cm 1.0pt 0cm">

MR.
FRANKLIN ADJEI CUDJOE FOR PLAINTIFF/APPELLANT<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:0cm 0cm 1.0pt 0cm">

KANYOKE
J.A (PRESIDING), YAW-APPAU J.A, OFOE J.A<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:0cm 0cm 0cm 0cm">

<p class="MsoNormal" align="center" style="margin-bottom:0cm;margin-bottom:.0001pt;
text-align:center;border:none;mso-border-bottom-alt:solid windowtext 1.5pt;
padding:0cm;mso-padding-alt:0cm 0cm 0cm 0cm">JUDGMENT<o:p></o:p>

</div>OFOE, J.A.&nbsp;&nbsp;&nbsp; <o:p></o:p>The plaintiff
went before the Cape Coast high court claiming as follows:<o:p></o:p>“
a. A declaration that the defendant is indebted to the plaintiff bank to the
tune of ¢12,823,359.00 representing the outstanding balance of a loan facility
granted to defendant at his own request for which defendant has failed and/or
neglected to settle despite repeated demands.<o:p></o:p>b.
An order compelling the defendant to pay to plaintiff bank cash the sum of ¢12,823,359.00
being the outstanding balance of the loan facility granted to defendant by
plaintiff bank on 16/11/2000.<o:p></o:p>c.
Interest on the said sum at the current bank rate from 31/12/2001 to date of
judgment” <o:p></o:p>The
defendant admitted owing ¢9,500,000.00 as at this 31st December 2001
and not ¢12,823,359.00 as claimed by the plaintiff. After trial the court found
the defendant indebted to the defendant to the amount of ¢8,823,359.00 and
ordered interest to be paid on this amount at the current bank rate from
31/12/01 to this day of judgment.<o:p></o:p>This
part of the judgment found favour with all the parties. It is therefore not a
matter of concern to us. Indeed the grounds of appeal, which I will quote
presently, raised no issue with this part of the judgment. It is the judgment
of the trial judge on defendant’s counterclaim that the plaintiff found
unsatisfactory and has appealed to this court.<o:p></o:p>The
case of the defendant on which he based his counterclaim, which I will quote
presently, was that he had an Urvan, a commercial Bus the daily sales of which &nbsp;he paid into his account with the plaintiff
bank. This vehicle got damaged through an accident and he took a loan from the
plaintiff bank to repair it. Because he defaulted in the payment of the loan,
the plaintiff bank in April 2001 got the Mankesim Police to seize the vehicle.
The vehicle has since this date of seizure been with the police and is now
rotten beyond economic repairs. For this seizure, which he considered wrongful,
he counterclaimed for<o:p></o:p>“
a. An order for the payment of daily sales of the vehicle at the rate of ¢300,000
per day from April 2001 to the date the vehicle would be released to the
defendant or in the alternative, a replacement of the said vehicle or the
payment of its current market value”<o:p></o:p>That
the vehicle was seized by the plaintiff as alleged by the defendant is not in
dispute but the plaintiff questions the basis of the trial judge’s award which
stated as follows:<o:p></o:p>“On
the defendant’s counterclaim, the court orders the plaintiff to replace the
vehicle of the defendant. This is because from Exh. A, 2,3 and 4 the vehicle is
rotten and beyond repairs. In additi</main>