AKOMEA KYEREMATENG vs. NOBLE DREAM MICRO FINANCE [2015]DLHC3524

Date	2015-06-08
Suit No.	SUIT NO.BFS/117/15
Citation No.	[2015]DLHC3524

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

ALFRED ANIM QUARSHIE FOR THE PLAINTIFF

KWASI ADU MANTE FOR THE DEFENDANT

[2015]DLHC3524
																																						<div class="restriction-wrapper">
														<div class="container-lg">
															<div class="row">
																<div class="col-md-12 restricted-content">
																	<div class="restricted-content-img-wrapper">
																		<div class="lock-icon bounce-7">
																			<img class=""
																				src="https://www.dennislawgh.com/dl-assets/dl-images/lock-content.png"
																				alt="Subscription based content">
																		</div>
																	</div>
																	 
																		<a href="https://www.dennislawgh.com/login"
																		class="btn btn-primary btn-lg"
																		style="font-family: 'open sans'; text-transform: capitalize; border-radius: 8px"> 
																		Login to Read Full Case </a>
																	 
																	
																</div>
															</div>
														</div>
													</div>
													<main id="main" class="content" style="min-height: 60rem" ><a name="OLE_LINK1">AKOMEA
KYEREMATENG<o:p></o:p></a>vs.<o:p></o:p>NOBLE DREAM MICRO FINANCE<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/117/15&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &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: 8TH
JUNE, 2015<o:p></o:p>

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

KWASI ADU MANTE FOR THE 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>The Plaintiff in his
action is claiming the recovery of the sum of Fifty-Six Thousand, Seven Hundred
and Fifty Ghana Cedis (GH ¢56,750.00) together with interest from the
Defendant. <o:p></o:p>The Plaintiff's case is
that he invested an amount of money with the Defendant with Account Reference
Number 20-240100503-01 but the Defendant has refused to pay the amount due on
the maturity date which fell on 02/04/2014.<o:p></o:p>The Defendant put up its
custom defence that the Plaintiff has never been its customer and as such, it
is not indebted to him in any way.<o:p></o:p>The issues for
consideration in this trial are set down below:<o:p></o:p>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Whether
or not the Plaintiff invested an amount of GH¢55, 250.00 in the Defendant
Financial Institution?<o:p></o:p>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Whether
or not the Plaintiff is entitled to his claim. <o:p></o:p>&nbsp;As the case is
in all civil suits, the evidential burden as well as the burden of persuasion
of the first issue rests on the Plaintiff&nbsp;
and he must prove his claim on the balance of probabilities&nbsp; in terms of sections 11(4) and 12 of the
Evidence Act, 1975 N.R.C.D. 323 as follows:<o:p></o:p>Section 11 (4):&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <o:p></o:p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; "
In other circumstances the burden of producing evidence &nbsp;&nbsp; requires a party to produce sufficient evidence&nbsp; so that on all the evidence a reasonable mind could conclude that the &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; existence
of the fact was more probable than its non-&nbsp;&nbsp; existence."<o:p></o:p>Section 12 <o:p></o:p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1):<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; "
Except as otherwise provided by law, the burden of persuasion requires proof by
preponderance of probabilities."<o:p></o:p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2):" Preponderance of probabilities 'means that degree
of certainty of belief in the mind of the tribunal of fact or the court by
which it is convinced that the existence of a fact is more probable than its non-existence".<o:p></o:p>Having assumed this
burden, the Plaintiff gave evidence that 09/12/2013, he invested an amount of
GH¢1,500.00 with the Defendant. Subsequently, he invested GH¢50,000.00 with the
same Defendant Company and was issued with investment certificates.&nbsp; As regards the first investment, the
Plaintiff said the maturity date was 10/05/2014. He gave the second maturity
date for the GH¢ 50,000.00 investment as 02/07/2014. According to him, both
investments attracted an agreed interest of 10.5% and the total amount payable
to him inclusive of interest is GH¢ 56, 750.00. </main>