FIDELITY BANK GHANA LIMITED vs. ANITA ASARE & ORS.11 [2018]DLHC3729

Date	2018-03-28
Suit No.	SUIT NO.BFS/69/16
Citation No.	[2018]DLHC3729

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

JANET OWUSU FOR KWAME OWUSU SEKYERE FOR PLAINTIFF

E. N. POKU FOR DEFENDANTS

[2018]DLHC3729
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													<main id="main" class="content" style="min-height: 60rem" ><a name="OLE_LINK1">FIDELITY
BANK GHANA LIMITED<o:p></o:p></a>vs.<o:p></o:p>ANITA ASARE &amp; ORS.11<o:p></o:p>&nbsp;[HIGH COURT (COMMERCIAL DIVISION), KUMASI]<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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SUIT NO.BFS/69/16&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &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: 28TH MARCH, 2018<o:p></o:p>

</div>COUNSEL:&nbsp;&nbsp; <o:p></o:p>JANET
OWUSU FOR KWAME OWUSU SEKYERE 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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E. N. POKU FOR DEFENDANTS <o:p></o:p>

ANGELINA MENSAH-HOMIAH (MRS.) JUSTICE OF
THE HIGH COURT<o:p></o:p>

JUDGMENT<o:p></o:p>

</div>In
this action, the Plaintiff bank seeks the following reliefs against the Defendants
as principal debtor and guarantors respectively:<o:p></o:p>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
An order for the recovery of the sum of One
hundred and Fifty Three Thousand Nine Hundred and Thirty Six Ghana Cedis (GHC
153,936.73) being the total indebtedness of the 1st defendant from
the loan facility granted by the Plaintiff Bank.<o:p></o:p>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Interest on the said sum at the prevailing
bank rate from 2nd day of March, 2016 till date of final payment.<o:p></o:p>ALTERNATIVELY,<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;
i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
An order for the judicial sale of Plot Number
32 Block L, Nhyiaeso, Kumasi.<o:p></o:p>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Cost including Solicitor’s fee.<o:p></o:p>THE PLAINTIFF'S CASE.<o:p></o:p>The Plaintiff’s case is simple and
straightforward, on 12th June, 2014, a loan of GHC 150,000.00 was
extended to the 1st Defendant upon her request, for a period of 24
months at an interest rate of 35% per annum. The facility was guaranteed by the
2nd and 3rd Defendants. The 1st Defendant also
secured the loan with her property numbered plot 32 Block L, Nhyiaeso, Kumasi.
Procredit Savings and Loans Company which granted the loan has been taken over
by the Plaintiff herein. It is the Plaintiff’s case that the Defendant has
defaulted in repayment of the loan to the knowledge of the 2nd and 3rd
Defendants and as at 2nd March, 2016, her total indebtedness stood
at GHC 153,936.73. <o:p></o:p>THE
DEFENDANTS CASE.<o:p></o:p>