ABASS AMADU vs. NOBLE DREAM FINANCIAL SERVICES [2015]DLHC3522

Date	2015-04-02
Suit No.	SUIT NO.BFS/260/14
Citation No.	[2015]DLHC3522

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

ALFRED ANIM QUASHIE FOR PLAINTIFF.

KWASI ADU MANTE FOR DEFENDANT.

[2015]DLHC3522
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													<main id="main" class="content" style="min-height: 60rem" ><a name="OLE_LINK1">ABASS
AMADU<o:p></o:p></a>vs.<o:p></o:p>NOBLE DREAM FINANCIAL SERVICES<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.BFS/260/14&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; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &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:
2RD APRIL, 2015<o:p></o:p>

</div>COUNSEL:&nbsp;&nbsp; <o:p></o:p>ALFRED
ANIM QUASHIE FOR 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">

KWASI ADU MANTE FOR DEFENDANT. <o:p></o:p>

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

JUDGEMENT<o:p></o:p>

</div>&nbsp;“Cash in savings accounts, short term CDs or money
market deposits – is great for an emergency fund…” Suze Orman.&nbsp; Is this applicable to the Plaintiff herein
who alleges that he has been deprived of his short term investment? An answer
will be provided as the case unfolds.<o:p></o:p>The
Plaintiff’s case is simple. He invested an amount of GHS¢20,000.00 in the
Defendant Financial Institution for a period of three months with a fixed
interest of GH¢2,100.00. Upon maturity; he withdrew his interest and reinvested
the principal of GH¢20,000.00 on the same terms.&nbsp; This time round, the Defendant failed to pay
the principal and accrued interest on the due date in spite of several promises
to do so.<o:p></o:p>The
Defendant put up its usual “customized” statement of defence to the effect that
the Plaintiff has never been its customer and the Company is not indebted to
him in any way. The Defendant also denied having any dealings whatsoever with
the Plaintiff.<o:p></o:p>These
are the issues to be determined by the court:<o:p></o:p><span style="font-size:12.0pt;
line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;mso-fareast-font-family:
&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;;mso-ansi-language:EN-US">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Whether or not the
Plaintiff is a customer of the Defendant financial institution?<o:p></o:p><span style="font-size:12.0pt;
line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;mso-fareast-font-family:
&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;;mso-ansi-language:EN-US">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Whether or not the
Plaintiff invested GH¢20,000.00 in the Defendant’s institution?<o:p></o:p><span style="font-size:12.0pt;
line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;mso-fareast-font-family:
&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;;mso-ansi-language:EN-US">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Whether or not the
Plaintiff is entitled to his claim?<o:p></o:p>As
to be expected, the Defendant and its lawyer who were aware of the court date
failed to show up for the trial. Thus, the court was compelled to proceed with
the trial under order 36 rule 1 (2) (a) of the (High Court Civil Procedure)
Rules, 2004, C.I. 47.&nbsp; The rule states &nbsp;&nbsp;as
follows:<o:p></o:p><span style="font-size:12.0pt;
line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;mso-fareast-font-family:
&quot;Arial Unicode MS&quot;;mso-bidi-font-family:&quot;Arial Unicode MS&quot;;mso-ansi-language:
EN-US"><o:p>&nbsp;</o:p><span style="font-size:12.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;
mso-fareast-font-family:&quot;Arial Unicode MS&quot;;mso-bidi-font-family:&quot;Arial Unicode MS&quot;;
mso-ansi-language:EN-US">Rule (1) (2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 
where an action is called for trial and a party fails to attend, the trial
judge may:<o:p></o:p><span style="font-size:12.0pt;
line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;mso-fareast-font-family:
&quot;Arial Unicode MS&quot;;mso-bidi-font-family:&quot;Arial Unicode MS&quot;;mso-ansi-language:
EN-US">Where the Plaintiff attends and the defendant fails to attend, dismiss
the counterclaim, if any, and allow the plaintiff to prove the claim.<o:p></o:p></p</main>