SG-GHANA LIMITED vs. MAUMESS FAIRPLAY LTD AND MAURICE MESSIBA ACCRA [2016]DLHC9068

Date	2016-04-15
Suit No.	SUIT NO. BFS/173/14
Citation No.	[2016]DLHC9068

HER LADYSHIP JUSTICE JENNIFER ABENA DADZIE

A.K. BANNERMAN-WILLIAMS (JNR) ESQ. OF SACKODAR CHAMBERS COUNSEL FOR PLAINTIFF

JOSEPH AKYEAMPONG ESQ. OF AKYEAMPONG & CO. COUNSEL FOR DEFENDANTS

[2016]DLHC9068
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													<main id="main" class="content" style="min-height: 60rem" >SG-GHANA LIMITED<o:p></o:p>(PLAINTIFF)<o:p></o:p>vs.<o:p></o:p>MAUMESS FAIRPLAY LTD AND MAURICE MESSIBA ACCRA<o:p></o:p><p class="MsoListParagraphCxSpFirst" align="center" style="margin-top:0cm;
margin-right:0cm;margin-bottom:0cm;margin-left:18.0pt;margin-bottom:.0001pt;
mso-add-space:auto;text-align:center;line-height:150%">(DEFENDANTS)<o:p></o:p><p class="MsoListParagraphCxSpLast" align="center" style="margin-top:0cm;
margin-right:0cm;margin-bottom:0cm;margin-left:18.0pt;margin-bottom:.0001pt;
mso-add-space:auto;text-align:center;line-height:150%">[HIGH COURT, ACCRA]<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0cm 0cm 1.0pt 0cm">

<p class="MsoNormal" align="center" style="margin-bottom:0cm;margin-bottom:.0001pt;
text-align:center;line-height:150%;border:none;mso-border-bottom-alt:solid windowtext 1.5pt;
padding:0cm;mso-padding-alt:0cm 0cm 1.0pt 0cm">SUIT NO. BFS/173/14&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;DATE:
15TH APRIL, 2016<o:p></o:p>

</div>COUNSEL:<o:p></o:p>A.K.
BANNERMAN-WILLIAMS (JNR), ESQ., OF SACKODAR CHAMBERS, COUNSEL FOR PLAINTIFF<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0cm 0cm 1.0pt 0cm;margin-left:0cm;margin-right:.2pt">

JOSEPH AKYEAMPONG, ESQ., OF AKYEAMPONG
&amp; CO., COUNSEL FOR DEFENDANTS<o:p></o:p>

</div>CORAM: <o:p></o:p>HER
LADYSHIP JUSTICE JENNIFER ABENA DADZIE<o:p></o:p><div style="mso-element:para-border-div;border-top:solid windowtext 1.5pt;
border-left:none;border-bottom:solid windowtext 1.5pt;border-right:none;
padding:1.0pt 0cm 1.0pt 0cm">

<p class="MsoNormal" align="center" style="margin-bottom:0cm;margin-bottom:.0001pt;
text-align:center;line-height:150%;border:none;mso-border-top-alt:solid windowtext 1.5pt;
mso-border-bottom-alt:solid windowtext 1.5pt;padding:0cm;mso-padding-alt:1.0pt 0cm 1.0pt 0cm">JUDGMENT<o:p></o:p>

</div>The Plaintiff is a bank, duly registered
under the laws of the Republic of Ghana.&nbsp;
The 1st Defendant is a customer of the Plaintiff bank and has
its registered office at La, in Accra, while the 2nd Defendant is the
Managing Director of the 1st Defendant Company.<o:p></o:p><o:p>&nbsp;</o:p>In the Plaintiff’s statement
of claim, the Plaintiff claims against the Defendants, jointly and severally, the
following reliefs:<o:p></o:p>&nbsp;&nbsp;&nbsp; “i.&nbsp;&nbsp;&nbsp; recovery of the sum of GH¢335,611.44 (Three
Hundred and Thirty-Five Thousand, Six Hundred and Eleven Ghana Cedis,
Forty-four Pesewas)<o:p></o:p><o:p>&nbsp;</o:p><p class="MsoListParagraphCxSpFirst" style="margin-top:0cm;margin-right:36.0pt;
margin-bottom:0cm;margin-left:54.0pt;margin-bottom:.0001pt;mso-add-space:auto;
text-align:justify;text-indent:-18.0pt;line-height:150%;mso-list:l0 level1 lfo3;
tab-stops:36.0pt">ii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
interest
on the said sum of GH¢335,611.44 at the rate of 6% per annum above the
prevailing bank rate on compounded basis against the Defendants; and <o:p></o:p><p class="MsoListParagraphCxSpMiddle" style="margin-top:0cm;margin-right:36.0pt;
margin-bottom:8.0pt;margin-left:54.0pt;mso-add-space:auto;text-align:justify;
text-indent:-18.0pt;line-height:150%;mso-list:l0 level1 lfo3;tab-stops:36.0pt">iii.&nbsp;&nbsp;&nbsp; Judicial sale of the mortgage property
in satisfaction of the judgment debt.”<o:p></o:p><o:p>&nbsp;</o:p>The material facts which gave rise to
the matter before me are as follows.&nbsp; The
Plaintiff bank advanced an overdraft facility and a loan facility to the
Defendants on or about 18th December, 2012 totaling One Hundred and
Fifty Thousand Ghana Cedis, (GH¢150,000.00)
each (hereinafter referred to collectively as “the Facilities”).&nbsp; The terms governing the grant of the
Facilities were contained in the Facility Letter dated 18th
December, 2012.&nbsp; As security for the
Facilities, the 2nd Defendant mortgaged his property located at
Accra Central in favour of the Plaintiff Bank and also executed a Deed of
Guarantee, personally guaranteeing the payment and satisfaction of any debt
owed to the Plaintiff upon a default by the 1st Defendant and upon a
demand being made on him in writing.&nbsp; The
Facilities were to attract interest at the rate as stated in the
afore-mentioned reliefs.&nbsp; <o:p></o:p><o:p>&nbsp;</o:p>The
Plaintiff adduced documentary evidence and the testimony of its representative,
Mr. Okyere Addo-Danquah, the Head of Recoveries Department in support of its
case. &nbsp;It is Plaintiff’s case that the
overdraft facility matured on 18th December, 2013, and the loan
expired on 18th December, 2014. According to the Plaintiff, the
Defendants have failed to repay both Facilities in spite of repeated demands
made on them by the Plaintiff, leaving an outstanding balance of One Hundred
and Eighty-Three Thousand, Two Hundred and Fifty-two Ghana Cedis, Forty Pesewas
(GH¢183,252.40) on the over</main>