CITY INVESTIMENT COMPANY LTD vs. MRS JULIANA ADADE AND OTHERS [2017]DLHC3289

Date	2017-06-27
Suit No.	SUIT NO. BFS/20/14
Citation No.	[2017]DLHC3289

ERIC K. BAFFOUR ESQ. JUSTICE OF THE HIGH COURT

1ST DEFENDANT REPRESENTED BY OFORI KISSI PRESENT

EMMA OWUSU MARFO MS FOR PLAINTIFF PRESENT

ISSAH ADAM ESQ. FOR 1ST DEFENDANT PRESENT

[2017]DLHC3289
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													<main id="main" class="content" style="min-height: 60rem" >CITY INVESTIMENT COMPANY LTD<o:p></o:p>vs.<o:p></o:p>MRS JULIANA ADADE AND OTHERS<o:p></o:p>[HIGH COURT
(COMMERCIAL DIVISION), ACCRA]<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/20/14&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; 27TH JUNE, 2017<o:p></o:p>

</div>COUNSEL:<o:p></o:p>1ST DEFENDANT REPRESENTED BY OFORI KISSI
PRESENT<o:p></o:p>EMMA OWUSU MARFO MS FOR PLAINTIFF PRESENT<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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ISSAH ADAM ESQ. FOR 1ST DEFENDANT PRESENT<o:p></o:p>

</div>CORAM:<o:p></o:p>ERIC K. BAFFOUR, ESQ. JUSTICE OF THE HIGH COURT<o:p></o:p><div style="mso-element:para-border-div;border-top:solid windowtext 1.5pt;
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<p class="MsoNormal" align="center" style="text-align:center;line-height:115%;
border:none;mso-border-top-alt:solid windowtext 1.5pt;mso-border-bottom-alt:
solid windowtext 1.5pt;padding:0in;mso-padding-alt:1.0pt 0in 1.0pt 0in">JUDGEMENT<o:p></o:p>

</div>Plaintiff claims the following reliefs endorsed on its
amended writ issued against the defendants:<o:p></o:p><o:p>&nbsp;</o:p><ol style="margin-top:0in" start="1" type="a">
 <li class="MsoNormal" style="text-align:justify;line-height:115%;mso-list:l3 level1 lfo1">The payment of the sum of Gh¢6.790,726.82 being
 the amount owed by defendant to the plaintiff as at December, 2012<o:p></o:p></li>
</ol><o:p>&nbsp;</o:p><ol style="margin-top:0in" start="2" type="a">
 <li class="MsoNormal" style="text-align:justify;line-height:115%;mso-list:l3 level1 lfo1">Interest at the prevailing bank rate from
 January, 2013 till date of final payment<o:p></o:p></li>
</ol><o:p>&nbsp;</o:p><ol style="margin-top:0in" start="3" type="a">
 <li class="MsoNormal" style="text-align:justify;line-height:115%;mso-list:l3 level1 lfo1">Cost<o:p></o:p></li>
</ol><o:p>&nbsp;</o:p><ol style="margin-top:0in" start="4" type="a">
 <li class="MsoNormal" style="text-align:justify;line-height:115%;mso-list:l3 level1 lfo1">Any other remedy that the court deems fit.<o:p></o:p></li>
</ol><o:p>&nbsp;</o:p>In the statement of claim plaintiff claim defendant is
its customer operating her business under the name Noble Character engaged in
the business of hire purchase, supply of goods and giving out loans to workers
in the public sector. This imposed an obligation on 1st defendant to
operate a code at the 2nd defendant’s office into which all monthly
deductions of the workers who had been granted loans were paid into for onward
transfer to plaintiff. And that this formed part of an agency agreement it
entered into with 1st defendant to provide money for the defendant
to grant loans to public sector employees on government payroll. <o:p></o:p><o:p>&nbsp;</o:p>Plaintiff claim to have provided 1st
defendant with an amount of Ghc12.236,415.57 between 2006 and 2011 for lending
to government workers. The total amount that plaintiff claim it was to receive
was Ghc18.451,371.80 being the principal amount plus interest. To plaintiff the
total amount deducted from the workers and paid to plaintiff by 2nd
defendant amounted to Ghc11.660,643.98 thus leaving an amount of
Ghc6.790,726.82. and that defendant has not repaid this money notwithstanding
numerous demands he has no choice than to issue the writ to compel the
defendants to repay the monies. <o:p></o:p><o:p>&nbsp;</o:p>1st defendant deny owing an amount of
Ghc6.790,726.82 in her statement of defence and counterclaim. She asked for the
following reliefs in her counterclaim before the court:<o:p></o:p><ol style="margin-top:0in" start="1" type="a">
 <li class="MsoNormal" style="text-align:justify;line-height:115%;mso-list:l0 level1 lfo2">An order on the plaintiff to defreeze defendant’s
 fixtures investment deposit account with plaintiff which contains an
 amount of Ghc284.256.09.<o:p></o:p></li>
</ol><o:p>&nbsp;</o:p><ol style="margin-top:0in" start="2" type="a">
 <li class="MsoNormal" style="text-align:justify;line-height:115%;mso-list:l0 level1 lfo2">An order on the plaintiff to refund to the
 defendant the said amount of Ghc284.256.09.<o:p></o:p></li>
 <li class="MsoNormal" style="text-align:justify;line-height:115%;mso-list:l0 level1 lfo2">An order on the plaintiff to pay to the defendant
 interest on the said amount of ghc284.356.09 at the prevailing bank rate
 from 18th January 2012 till date of final judgment.<o:p></o:p></li>
</ol><o:p>&nbsp;</o:p><ol style="margin-top:0in" start="4" type="a">
 <li c</main>