YAW AGYEMANG vs. F I C [2014]DLHC12061

Date	2014-07-30
Suit No.	SUIT NO. FTRM/169/14
Citation No.	[2014]DLHC12061

HIS LORDSHIP JUSTICE JOHN AJET-NASAM

ALEXANDER AFENYO-MARKINS FOR APPLICANT

RICHARD APPIETU FOR RESPONDENT

[2014]DLHC12061
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													<main id="main" class="content" style="min-height: 60rem" >YAW AGYEMANG<o:p></o:p>(APPLICANT)<o:p></o:p>vs.<o:p></o:p>F I C<o:p></o:p>(RESPONDENT)<o:p></o:p>&nbsp;[HIGH COURT, ACCRA]<o:p></o:p><div style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom-width: 1.5pt; border-bottom-color: black; padding: 0cm 0cm 1pt;">

SUIT NO. FTRM/169/14&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: 30TH&nbsp;JULY 2014<o:p></o:p>

</div>COUNSEL<o:p></o:p>ALEXANDER
AFENYO-MARKINS FOR APPLICANT,<o:p></o:p><div style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom-width: 1.5pt; border-bottom-color: black; padding: 0cm 0cm 1pt;">

</div>CORAM<o:p></o:p>HIS
LORDSHIP JUSTICE JOHN AJET-NASAM<o:p></o:p><div style="border-top-width: 1.5pt; border-top-color: black; border-left: none; border-bottom-width: 1.5pt; border-bottom-color: black; border-right: none; padding: 1pt 0cm;">

<p class="MsoNormal" align="center" style="margin-bottom:0cm;margin-bottom:.0001pt;
text-align:center;line-height:normal;border:none;mso-border-top-alt:solid black 1.5pt;
mso-border-bottom-alt:solid black 1.5pt;padding:0cm;mso-padding-alt:1.0pt 0cm 1.0pt 0cm">RULING<o:p></o:p>

</div><a name="_heading=h.gjdgxs"></a>The respondent is an
institution of Government charged with disseminating information on financial
crimes amongst others to the security agencies.&nbsp;
This outfit also receives Suspicious Transaction Reports (STRs) from
accountable institutions such as the banks, forex bureau, car dealers etc.<o:p></o:p>&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; <o:p></o:p>On the 16th day of April 2014,
the respondent filed an application in the registry of this Court to confirm a
freezing directive it issued through Philip Q. Danso, the Deputy Chief
Executive of the Centre to the Managing Director of Stanbic Bank Ghana Ltd,
Attention Phyllis Dwamena.&nbsp; The said
directive called for the freeze on Account No. 0121435463204.&nbsp; The said directive on April 9th,
2014 concluded thus:-<o:p></o:p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; “We appreciate your commitment and
cooperation towards the fight against Money Laundering and terrorist
financing”.<o:p></o:p>&nbsp;In its affidavit attached for the
confirmation of account, the respondent listed fifteen (15) transactions from
18th day of September 2011 to the 20th day of March
2014.&nbsp; These transactions or transfers
came from two (2) individuals namely Lennart Nordgr who did eleven (11)
transactions between September 2011 and August 2012.&nbsp; That of Aberg Bjorn was January 2014 and
March 2014, i.e. four (4) transactions.<o:p></o:p>&nbsp;Upon these information, this Court
confirmed the account number of Yaw Agyemang frozen.&nbsp; This present application has Rita Kyerema as
a party.&nbsp; This Rita Kyerema deposed that,
she has an interest in the money that had been lodged in the accounts of Yaw
Agyemang as coming from her fiancé Bjorn Aberg.&nbsp;
The total amount is $28,000.00.&nbsp;
These were made in two tranches of $13,000.00 and $15,000.00 USD.&nbsp; The Stanbic Bank, never raised any red flags
or file any Suspicious Transaction Reports on this account since 2011.<o:p></o:p>&nbsp;I have observed that the bank did not do
anything good to merit Danso Philip to commend it for its fight against Money
Laundering and Terrorist Financing.&nbsp;
In-fact, in November 2011, these were four (4) transactions two (2) of
which were far beyond the acceptable limits of 10,000.00 for a
transaction.&nbsp; On the 2nd day
of November 2011, Lennart Nordgr transfe</main>