DANIEL FRIMPONG BOADU vs.NOBLE DREAM FINANCIAL SERVICES [2015]DLHC3531

Date	2015-04-02
Suit No.	SUIT NO.BFS/45/15
Citation No.	[2015]DLHC3531

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

ALFRED ANIM QUASHIE FOR PLAINTIFF.

KWASI ADU MANTE FOR DEFENDANT.

[2015]DLHC3531
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													<main id="main" class="content" style="min-height: 60rem" ><a name="OLE_LINK1">DANIEL
FRIMPONG BOADU<o:p></o:p></a>vs.<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; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;NOBLE
DREAM FINANCIAL SERVICES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <o:p></o:p>[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/45/15&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; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;DATE: 2ND
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>

</div><o:p>&nbsp;</o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0in 0in 1.0pt 0in">

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

</div>This
judgment is in respect of a liquidated claim of GH¢24,420.50 and interest
thereon made by the Plaintiff against the Defendant herein.<o:p></o:p>Three
issues were set down for the trial. These are:<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¢24, 420.00 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>The
Plaintiff’s case in respect of which he gave evidence in court is that he
opened an investment account with the Defendant and the terms were embodied in
an investment certificate (exhibit A).&nbsp;
According to him, the amount invested was GH¢22,100.00, the agreed
interest rate was 10.5% and the total amount payable at the maturity date is GH¢24,420.50.
The Defendant further testified that he has a contract with the Plaintiff that
is why he has an investment certificate but the Defendant has refused to pay
him despite repeated demands. <o:p></o:p>The
Defendant filed a statement of defence on 6/11/14 and alleged that the
Plaintiff has never been its customer and the Company is not indebted to him in
any way. However, the Defendant and its lawyer failed to participate in the
trial by their failure to attend court even though they were present in court
when the hearing date was fixed. Under the circumstance, the Plaintiff was
allowed to proof his case under Order 36 rule 1 (2) (a) of the High Court
(Civil Procedure) Rules, 2004 C.I. 47. Under the said rule, the court has a discretion
to hear a Plaintiff’s case when the Defendant fails to show up in court.<o:p></o:p>Without
much ado, I will determine the first issue as to whether or not the Plaintiff
is a customer of the Defendant?<o:p></o:p>I
have had opportunity to decide on who a customer of a bank is in a couple of
cases involving Noble Dream Financial Services.&nbsp;
The first of these cases was Ampofo Twumasi v Noble Dream Financial Services
suit number BFS 116/2015, Commercial court Kumasi 13/03/2015. In that case, I
reviewed the position of the English Courts on the definition of a “customer”
of a Bank.&nbsp; Two cases were discussed at
length in the Ampofo Twumasi case, namely, Commissioner of Taxation
v English, Scottish and Australian Bank Ltd (1</main>