NDK FINANCIAL SERVICES LTD. vs. AHAMAN ENTERPRISES LTD, ATTORNEY GENERAL AND ALEX A. ADUKO [2014]DLSC3007

NDK FINANCIAL SERVICES LTD. vs. AHAMAN ENTERPRISES LTD, ATTORNEY GENERAL... [2014]DLSC3007

Date	2014-11-28
Suit No.	CIVIL APPEAL NO.J4/23/2013
Citation No.	[2014]DLSC3007

WOOD C.J. (PRESIDING)

ANSAH J.S.C.

DOTSE J.S.C.

BONNIE J.S.C.

AKAMBA J.S.C.

SYLVIA A. ADUSU (MRS) ESQ. CHIEF STATE ATTORNEY FOR THE 2ND

DEFENDANT /RESPONDENT/APPELLANT.

PEASAH BOADU ESQ. FOR THE PLAINTIFF/APPELLANT/ RESPONDENT.

[2014]DLSC3007
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													<main id="main" class="content" style="min-height: 60rem" >NDK&nbsp;&nbsp; FINANCIAL&nbsp;&nbsp;
SERVICES LTD.<o:p></o:p>vs.<o:p></o:p>AHAMAN&nbsp;&nbsp; ENTERPRISES&nbsp;&nbsp;
LTD, ATTORNEY GENERAL AND ALEX A. ADUKO [SUPREME COURT, ACCRA]<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">

CIVIL APPEAL NO.J4/23/2013&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: 28TH NOVEMBER, 2014<o:p></o:p>

</div>COUNSEL:&nbsp;&nbsp; <o:p></o:p>SYLVIA
A. ADUSU (MRS) ESQ. CHIEF STATE ATTORNEY FOR THE 2ND DEFENDANT
/RESPONDENT/APPELLANT.<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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PEASAH
BOADU ESQ. FOR THE PLAINTIFF/APPELLANT/ RESPONDENT.<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;
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<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;mso-outline-level:1;border:none;mso-border-bottom-alt:solid windowtext 1.5pt;
padding:0in;mso-padding-alt:0in 0in 1.0pt 0in">WOOD C.J. (PRESIDING),
ANSAH J.S.C., DOTSE J.S.C., BONNIE J.S.C., AKAMBA J.S.C. <o:p></o:p>

</div>&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;&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;
<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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JUDGMENT<o:p></o:p>

</div><o:p>&nbsp;</o:p>DOTSE,J.S.C:<o:p></o:p>This
is an appeal by the Defendant, Respondent/Appellant, hereafter referred to as
the Defendant, against the decision of the Court of Appeal, dated 28th
March 2013 which was in favour of the Plaintiffs/Appellants/Respondents,
hereafter referred to as the plaintiffs. In a nutshell, whilst, the Plaintiffs,
claims against the Defendant, (therein 2nd Defendants) was dismissed
by the judgment of the High Court, dated 21st December 2011, the
Court of Appeal on the 28th March 2013 reversed the judgment of the
High Court, and entered judgment in favour of the plaintiffs herein.<o:p></o:p>BRIEF FACTS<o:p></o:p>The
facts of this case admit of no controversy whatsoever. The Plaintiffs are a
non-banking financial institution incorporated in and under the laws of Ghana.
They were approached in their normal line of business by Ahaman Enterprises Limited,
a haulage company for a credit facility, initially in the sum of GH¢30,000.00
to enable them execute contracts awarded them by the Ministry of Energy to haul
electricity poles and other electrical materials from designated locations to
various parts of the country under the National Electrification Project. In the
course of time, the said Ahaman Enterprises Ltd, who were sued therein by the
Plaintiffs in the High Court as 1st Defendants applied for further amounts
of credit facilities from the Plaintiffs. As a condition for the approval of
the credit facilities that the 1st Defendants therein requested from
the Plaintiffs, the Plaintiffs required the 1st Defendants to secure
a guarantee from the Ministry of Energy that payments due under the contract
for the haulage of the electrical poles and other materials would be made in
the joint names of the 1st
Defendant and the Plaintiffs. Relying on the Ministry of Energy’s letters in
support of each credit line facility applied for by the 1st
Defendants, the Plaintiffs approved, advanced and disbursed various sums of
money to the 1st Defendants as
requested by them, pursuant to loan agreements executed between the 1st
Defendants and the Plaintiffs on 26th August 2005 and thereafter in
respect of all the credit advances, as per the offer letters dated 28th
September 2005, 7th October 2005,&nbsp;
13th October 2005, 2nd February 2006 and 28th
April 2006 all to the total sum of GH¢340,000.00, at an interest rate of 6.5%
per month calculated at the end of each day and payable at the end of every
month until the date of final payment.<o:p></o:p>It is the plaintiffs contention that, the
Defendants herein failed and or refused to honour the undertakings and guarantees
contained in the Ministry of Energy letters to the plaintiffs and the 1st
Defendants to the effect that all payments in respect of the contract between
the 1st Defendant and the Ministry of Energy would be paid in the
joint names of the plaintiffs and the 1st defendants.<o:p></o:p>Matters
came to a crisis point, when the Plaintiffs discovered that by a letter No.
K838/127/01, dated 17th December 2008, the Ministry </main>