STANBIC BANK GHANA LTD. vs. AFRICAN SUPPORT NETWORK HOLDINGS LTD [2018]DLHC9188

Date	2018-04-13
Suit No.	SUIT NO.CM/BFS/0830/16
Citation No.	[2018]DLHC9188

HER LADYSHIP JUSTICE JENNIFER ABENA DADZIE

SAMUEL BAINBILL JOHNSON ESQ. WITH PEGGY ADUBOFOUR OF AYINE & FELLI LAW OFFICES ACCRA COUNSEL FOR PLAINTIFF

ERIC AGUDA ESQ. OF PARTNERS & ASSOCIATES EAST LEGON ACCRA COUNSEL FOR DEFENDANT

<p class="mb-5" id="contentDlCitation"  hidden>[2018]DLHC9188</p>
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													<main id="main" class="content" style="min-height: 60rem" ><span style="font-size: 18px !important;"><p class="MsoNormal" align="center" style="margin-bottom:0cm;margin-bottom:.0001pt;
text-align:center;line-height:normal"><b><span style="font-size:12.0pt;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:
Calibri;mso-bidi-font-family:Arial;color:#00B0F0;mso-ansi-language:EN-US">STANBIC
BANK GHANA LTD.<o:p></o:p></span></b></p><p class="MsoNormal" align="center" style="margin-bottom:0cm;margin-bottom:.0001pt;
text-align:center;line-height:normal"><i><span style="font-size:10.0pt;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:
Calibri;mso-bidi-font-family:Arial;mso-ansi-language:EN-US">(PLAINTIFF)<o:p></o:p></span></i></p><p class="MsoNormal" align="center" style="margin-bottom:0cm;margin-bottom:.0001pt;
text-align:center;line-height:normal"><b><span style="font-size:12.0pt;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:
Calibri;mso-bidi-font-family:Arial;color:#00B0F0;mso-ansi-language:EN-US">vs.<o:p></o:p></span></b></p><p class="MsoNormal" align="center" style="margin-bottom:0cm;margin-bottom:.0001pt;
text-align:center;line-height:normal"><b><span style="font-size:12.0pt;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:
Calibri;mso-bidi-font-family:Arial;color:#00B0F0;mso-ansi-language:EN-US">AFRICAN
SUPPORT NETWORK HOLDINGS LTD</span></b><b><span style="font-size:12.0pt;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:
Calibri;mso-bidi-font-family:Arial;mso-ansi-language:EN-US">.<o:p></o:p></span></b></p><p class="MsoNormal" align="center" style="margin-bottom:0cm;margin-bottom:.0001pt;
text-align:center;line-height:normal"><i><span style="font-size:10.0pt;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:
Calibri;mso-bidi-font-family:Arial;mso-ansi-language:EN-US">(DEFENDANT)<o:p></o:p></span></i></p><p class="MsoNormal" align="center" style="margin-bottom:0cm;margin-bottom:.0001pt;
text-align:center;line-height:normal"><span style="font-size:10.0pt;font-family:
&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:Calibri;mso-bidi-font-family:Arial;
mso-ansi-language:EN-US">[HIGH COURT, ACCRA]<o:p></o:p></span></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:normal;border:none;mso-border-bottom-alt:solid windowtext 1.5pt;
padding:0cm;mso-padding-alt:0cm 0cm 1.0pt 0cm"><span style="font-size:10.0pt;
font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:Calibri;mso-bidi-font-family:
Arial;mso-ansi-language:EN-US">SUIT NO.CM/BFS/0830/16&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;DATE: 13<sup>TH</sup>
APRIL, 2018<o:p></o:p></span></p>

</div><p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:normal"><b><span style="font-size:12.0pt;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:
Calibri;mso-bidi-font-family:&quot;Times New Roman&quot;;mso-ansi-language:EN-US">COUNSEL:<o:p></o:p></span></b></p><p class="MsoNormal" style="margin-top:0cm;margin-right:-36.0pt;margin-bottom:
0cm;margin-left:0cm;margin-bottom:.0001pt;line-height:normal"><span style="font-size:12.0pt;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:
Calibri;mso-bidi-font-family:&quot;Times New Roman&quot;;mso-ansi-language:EN-US">SAMUEL
BAINBILL JOHNSON, ESQ. WITH PEGGY ADUBOFOUR, OF AYINE &amp; FELLI LAW OFFICES,
ACCRA, COUNSEL FOR PLAINTIFF<o:p></o:p></span></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:-36.0pt">

<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;line-height:
normal;border:none;mso-border-bottom-alt:solid windowtext 1.5pt;padding:0cm;
mso-padding-alt:0cm 0cm 1.0pt 0cm"><span style="font-size:12.0pt;font-family:
&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:Calibri;mso-bidi-font-family:&quot;Times New Roman&quot;;
mso-ansi-language:EN-US">ERIC AGUDA, ESQ., OF PARTNERS &amp; ASSOCIATES, EAST
LEGON, ACCRA, COUNSEL FOR DEFENDANT<o:p></o:p></span></p>

<p class="MsoNormal" style="text-align:justify;line-height:150%;border:none;
mso-border-bottom-alt:solid windowtext 1.5pt;padding:0cm;mso-padding-alt:0cm 0cm 1.0pt 0cm"><span lang="EN-GB" style="font-size:12.0pt;line-height:150%;font-family:&quot;Book Antiqua&quot;,serif">HER
LADYSHIP JUSTICE JENNIFER ABENA DADZIE<o:p></o:p></span></p>

</div><p class="MsoNormal" align="center" style="margin-bottom:0cm;margin-bottom:.0001pt;
text-align:center;line-height:normal"><b><span style="font-size:12.0pt;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:
Calibri;mso-bidi-font-family:&quot;Times New Roman&quot;;mso-ansi-language:EN-US">JUDGMENT<o:p></o:p></span></b></p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0cm 0cm 1.0pt 0cm">

</div><p class="MsoNormal" style="text-align:justify;line-height:150%"><span style="font-size:12.0pt;line-height:150%;font-family:&quot;Book Antiqua&quot;,serif;
mso-fareast-font-family:Calibri;mso-bidi-font-family:&quot;Times New Roman&quot;;
mso-ansi-language:EN-US"><o:p>&nbsp;</o:p></span></p><p class="MsoNormal" style="text-align:justify;line-height:150%"><span style="font-size:12.0pt;line-height:150%;font-family:&quot;Book Antiqua&quot;,serif;
mso-fareast-font-family:Calibri;mso-bidi-font-family:&quot;Times New Roman&quot;;
mso-ansi-language:EN-US">The Plaintiff is a bank incorporated under the laws of
the Republic of Ghana licensed to carry out banking business including the
granting of loans to individuals and business entities.&nbsp; The Defendant is a company, also incorporated
under the Laws of the Republic of Ghana.<o:p></o:p></span></p><p class="MsoNormal" style="text-align:justify;line-height:150%"><span style="font-size:12.0pt;line-height:150%;font-family:&quot;Book Antiqua&quot;,serif;
mso-fareast-font-family:Calibri;mso-bidi-font-family:&quot;Times New Roman&quot;;
mso-ansi-language:EN-US">It is the claim of the Plaintiff from its Statement of
Claim that it entered into a Memorandum of Understanding (“MOU”) with the
Defendant on or about September 30, 2013 for the Plaintiff to grant the
employees of the Defendant a loan product of the Plaintiff called the Employer
Managed Group Scheme (“The Scheme”).&nbsp; The
Plaintiff claims that it was agreed under the MOU that the Plaintiff would
extend loans to qualifying employees of the Defendant whose details had been
confirmed by the Defendant and the Defendant was required to facilitate the
deduction of the monthly loan instalments from the salaries of those employees
and remit same to the Plaintiff on specific agreed dates.&nbsp;&nbsp; <o:p></o:p></span></p><p class="MsoNormal" style="text-align:justify;line-height:150%"><span style="font-size:12.0pt;line-height:150%;font-family:&quot;Book Antiqua&quot;,serif;
mso-fareast-font-family:Calibri;mso-bidi-font-family:&quot;Times New Roman&quot;;
mso-ansi-language:EN-US">It is the assertion of the Plaintiff that under the
MOU, the Defendant undertook not to endorse the loan applications of staff who
were undergoing any form of disciplinary action which could reasonably result
in dismissal or termination of that employee by the Defendant.&nbsp; The Plaintiff asserts further that as a term
of the MOU, the Defendant was charged with informing the Plaintiff within one
(1) month of any beneficiary employee under the Scheme leaving the Defendant’s
employ or in the event of death of that employee.&nbsp; The Plaintiff contends that in that circumstance,
until the Defendant informed it of the occurrence of any such events, the
Defendant was required to continue to forward the employee’s deductions to the
Plaintiff.&nbsp; The Plaintiff states
additionally that the Defendant also agreed under the MOU to pay to the
Plaintiff the terminal benefits or an amount equal to the outstanding loan in
the beneficiary employee’s name in the event that the current employment of
that beneficiary employee of the Scheme ceased as set off for the said
employee’s indebtedness.<o:p></o:p></span></p><p class="MsoNormal" style="text-align:justify;line-height:150%"><span style="font-size:12.0pt;line-height:150%;font-family:&quot;Book Antiqua&quot;,serif;
mso-fareast-font-family:Calibri;mso-bidi-font-family:&quot;Times New Roman&quot;;
mso-ansi-language:EN-US">The Plaintiff states that pursuant to the MOU, it
granted loans to the tune of One Million, One Hundred and Fifty-six Thousand,
Twelve Cedis and Eighty-four Pesewas (GH¢1,156,012.84) to the employees of the
Defendant from September 2013.&nbsp; It is the
contention of the Plaintiff, however, that out of this amount, the Defendant,
as at October 18, 2016, was indebted to it in the sum of Seven Hundred and
Thirty-three Thousand, Five Hundred and Forty-four Ghana Cedis, Fifty-four
Pesewas (GH¢733,544.54) having failed to completely remit to the Plaintiff the
repayments of all the loans of the beneficiary employees as required under the
MOU.<o:p></o:p></span></p><p class="MsoNormal" style="text-align:justify;line-height:150%"><span style="font-size:12.0pt;line-height:150%;font-family:&quot;Book Antiqua&quot;,serif;
mso-fareast-font-family:Calibri;mso-bidi-font-family:&quot;Times New Roman&quot;;
mso-ansi-language:EN-US">The Plaintiff states that in spite of the several
demands made on the Defendant to fully discharge its obligations under the MOU,
the Defendant has refused to do so and unless compelled by the Court, the
Defendant will not discharge its outstanding obligations to the Plaintiff, to
wit, paying the principal loan amount and the accrued interest thereon.<o:p></o:p></span></p><p class="MsoNormal" style="text-align:justify;line-height:150%"><span style="font-size:12.0pt;line-height:150%;font-family:&quot;Book Antiqua&quot;,serif;
mso-fareast-font-family:Calibri;mso-bidi-font-family:&quot;Times New Roman&quot;;
mso-ansi-language:EN-US">It is for the foregoing reasons that the Plaintiff
caused to be issued on November 29, 2016 a Writ of Summons and the accompanying
Statement of Claim against the Defendant for the following reliefs:<o:p></o:p></span></p><p class="MsoNormal" style="margin-top:0cm;margin-right:36.0pt;margin-bottom:
8.0pt;margin-left:63.0</main>