ELIZABETH KAKORAH vs. NOBLE DREAM MICRO FINANCE [2015]DLHC3533

Date	2015-06-08
Suit No.	SUIT NO.OCC/300/14
Citation No.	[2015]DLHC3533

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

ALFRED ANIM QUARSHIE FOR THE PLAINTIFF

KWASI ADU MANTE FOR THE DEFENDANT.

[2015]DLHC3533
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													<main id="main" class="content" style="min-height: 60rem" ><a name="OLE_LINK1">ELIZABETH
KAKORAH<o:p></o:p></a>vs.<o:p></o:p>NOBLE DREAM MICRO FINANCE<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.OCC/300/14&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; &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's case is
that she invested an amount of GH¢14,597.00 with the Defendant as a six- month
fixed deposit at an interest rate of 18% for the period but the Defendant has
not fully paid back her investment and the accrued interest after the maturity
date.<o:p></o:p>The Defendant put up the
defence that the Plaintiff has never been its customer and it has never had any
dealings whatsoever with her. Hence, the Plaintiff is not entitled to her claim
for GH¢11, 224.46.<o:p></o:p>The issues before this
court for determination are as follows:<o:p></o:p>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Whether
or not the Plaintiff is a customer of the Defendant Financial Institution?<o:p></o:p>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Whether
or not the Plaintiff invested GH¢11,224.46 in the Defendant Institution?<o:p></o:p>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Whether
or not the Plaintiff is entitled to her claim?<o:p></o:p>On 14/04/2015, the
Plaintiff gave evidence in court to prove her claims.&nbsp; Her testimony was very concise and it is as follows:<o:p></o:p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; "... I know Noble Dream Micro Finance. I am one of
their customers. I invested money at Noble Dream Micro Finance as fixed
deposit. The money was GH¢14, 597.00 with interest of 18%. The interest was
GH¢2,629.46 summing up to GH¢17,224.46. The Defendant has so far paid GH¢
6,000.00 out of the investment to me. The first time they gave me GH¢5,000.00
and wrote it on exhibit A&nbsp; ( Investment
Certificate). The balance now is GH¢11,224.46. This balance has not been paid
to me. I have made a demand for it. The defendant's assertion that I am not
their customer is not true. It is not true that the Defendant has never had any
dealings with me. It is not true that the Defendant is not indebted to me. I am
entitled to my claim. I want the court to help me get the rest of my money."<o:p></o:p>Even though the Defendant
had denied having any dealing with the Plaintiff in the statement of Defence
filed on 14/11/10, its counsel in cross-examination on 14/04/2015 asked
questions which lead to the irresistible conclusion that the parties have had
some financial dealings.&nbsp; The relevant
portion of the cross-examination is as follows:<o:p></o:p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Q.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; How much
did you say the Defendant owed you?<o:p></o:p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&n</main>