NDK FINANCIAL SERVICES LTD. vs. PAULINA APENTENG & ANOTHER [2017]DLHC9184

Date	2017-10-24
Suit No.	SUIT NO. CM/0129/15
Citation No.	[2017]DLHC9184

HER LADYSHIP JUSTICE JENNIFER ABENA DADZIE

KENNEDY ANABA ESQ. (H/B FOR CHARLES OKYERE ESQ.) OF SENTINEL LAW ACCRA COUNSEL FOR PLAINTIFF

THERESA ABENA BOADU ESQ. (H/B FOR A.G. BOADU ESQ.) OF TWIRAA CHAMBERS ACCRA COUNSEL FOR DEFENDANTS

[2017]DLHC9184
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													<main id="main" class="content" style="min-height: 60rem" >NDK FINANCIAL SERVICES LTD.<o:p></o:p>(PLAINTIFF)<o:p></o:p>vs.<o:p></o:p>PAULINA APENTENG &amp; ANOTHER<o:p></o:p>(DEFENDANTS)<o:p></o:p>[HIGH COURT, ACCRA]<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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<p class="MsoNormal" align="center" style="margin-bottom:0cm;margin-bottom:.0001pt;
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padding:0cm;mso-padding-alt:0cm 0cm 1.0pt 0cm">SUIT NO. CM/0129/15&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; DATE: 24TH OCTOBER, 2017<o:p></o:p>

</div>COUNSEL:<o:p></o:p>KENNEDY
ANABA, ESQ., (H/B FOR CHARLES OKYERE, ESQ.) OF SENTINEL LAW, ACCRA, COUNSEL FOR
PLAINTIFF<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
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padding:0cm;mso-padding-alt:0cm 0cm 1.0pt 0cm">THERESA ABENA BOADU, ESQ.
(H/B FOR A.G. BOADU, ESQ.) OF TWIRAA CHAMBERS, ACCRA, COUNSEL FOR DEFENDANTS<o:p></o:p>

HER
LADYSHIP JUSTICE JENNIFER ABENA DADZIE<o:p></o:p>

</div>JUDGMENT<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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</div><o:p>&nbsp;</o:p>The Plaintiff is a limited liability company
duly registered under the laws of the Republic of Ghana and licensed by the
Bank of Ghana to operate as a financial services provider.&nbsp; The 1st Defendant, a customer of
the Plaintiff financial institution, is a business woman in Accra trading under
the business name, Linadav Enterprise and is in the business of commercial
production of crude palm oil, among others.&nbsp;
The 2nd Defendant is the husband of the 1st
Defendant who secured the loans advanced to the 1st Defendant by the
Plaintiff with his landed property.<o:p></o:p><o:p>&nbsp;</o:p>In its writ issued against
the Defendants, the Plaintiff claims the following reliefs:<o:p></o:p>&nbsp;&nbsp;&nbsp; “a)&nbsp;&nbsp; The payment of the sum of Three Hundred and
Eighty-One Thousand One Hundred and Forty-Eight Ghana Cedis and Nine Pesewas
(GH¢381, 148.09) being the outstanding loan and accrued interest as at August
31, 2015 in respect of the loans granted by the Plaintiff to the Defendant.<o:p></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 lfo2;
tab-stops:36.0pt">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Interest
on the total outstanding amount in relief “a” above at a compounding rate of 5%
a month from September 1, 2015 to the date of judgment until date of final
payment.<o:p></o:p><p class="MsoListParagraphCxSpMiddle" 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 lfo2;
tab-stops:36.0pt">c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Judicial
sale of the landed property used as security for the loan with a mortgage in
favour of Plaintiff.<o:p></o:p><p class="MsoListParagraphCxSpMiddle" style="margin-top:0cm;margin-right:36.0pt;
margin-bottom:0cm;margin-left:54.0pt;margin-bottom:.0001pt;mso-add-space:auto;
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tab-stops:36.0pt">d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Costs
incurred in this matter; and<o:p></o:p><p class="MsoListParagraphCxSpMiddle" 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 lfo2;
tab-stops:36.0pt">e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Any
other order(s) as this Honourable Court may deem fit.”<o:p></o:p><o:p>&nbsp;</o:p>