OPPORTUNITY INTERNATIONAL SAVINGS& LOANS vs. YAW OSEI ASSIBEY & ANOR [2018]DLHC9299

Date	2018-04-17
Suit No.	SUIT NO. MISC/03/2018
Citation No.	[2018]DLHC9299

HIS LORDSHIP JUSTICE DR. RICHMOND OSEI-HWERE

YAW ATTAKORA FOR THE PLAINTIFF/APPLICANT

STEPHEN OFORI FOR THE 1ST DEFENDANT/RESPONDENT

KWAME WIRADU FOR THE 2ND DEFENDANT RESPONDENT

[2018]DLHC9299
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													<main id="main" class="content" style="min-height: 60rem" >OPPORTUNITY INTERNATIONAL
SAVINGS&amp; LOANS<o:p></o:p>(PLAINTIFFS)<o:p></o:p>vs.<o:p></o:p>YAW OSEI ASSIBEY &amp;
ANOR<o:p></o:p>(DEFENDANTS)<o:p></o:p>[HIGH COURT, KUMASI]<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:115%;border:none;mso-border-bottom-alt:solid windowtext 1.5pt;
padding:0cm;mso-padding-alt:0cm 0cm 1.0pt 0cm">SUIT NO. MISC/03/2018&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &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: 17TH APRIL, 2018<o:p></o:p>

</div>COUNSEL:<o:p></o:p>YAW ATTAKORA FOR THE PLAINTIFF/APPLICANT <o:p></o:p>STEPHEN OFORI FOR THE 1ST
DEFENDANT/RESPONDENT <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" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:115%;border:none;mso-border-bottom-alt:solid windowtext 1.5pt;
padding:0cm;mso-padding-alt:0cm 0cm 1.0pt 0cm">KWAME WIRADU FOR THE 2ND
DEFENDANT RESPONDENT <o:p></o:p>

</div>CORAM:<o:p></o:p>HIS
LORDSHIP JUSTICE DR. RICHMOND OSEI-HWERE
<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:115%;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">RULING<o:p></o:p>

</div>It
is provided under Section 32 of the Borrowers and Lenders Act, 2008 (Act 773)
as follows: <o:p></o:p>"32.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Where
a borrower fails to make payment on the due &nbsp;&nbsp;&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
for a payment, the lender shall give notice of default to the borrower in
writing and request the borrower to pay the amount due within thirty days. <o:p></o:p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
lender may send the notice by<o:p></o:p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;
&nbsp;(a) hand, <o:p></o:p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;
(b) courier service, <o:p></o:p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;
(c) registered mail, or <o:p></o:p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;
&nbsp;&nbsp;(d) other means determined by
the lender in consultation with the borrower.<o:p></o:p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Where
the notice is delivered <o:p></o:p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;
(a)&nbsp;&nbsp;&nbsp; by hand, it shall take
effect on the date it is received by or on behalf of the borrower; and <o:p></o:p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;
(b) by courier service or registered mail, it shall take effect on the
day it is officially recorded as delivered by return receipt or its equivalent.<o:p></o:p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3) If a borrower fails to pay or
make satisfactory &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;arrangements to pay the amount outstanding
to the lender &nbsp;&nbsp;&nbsp;&nbsp; within thirty days the
rights provided for under this Act."<o:p></o:p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 34(1) of Act 773 also
provides: <o:p></o:p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; "34
(1) In the exercise of right of possession of property that &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; is subject to a charge to secure a
borrower's obligations &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; under a
credit agreement, a lender is not obliged to initiate proceedings in Court to enforce the right of possession."<o:p></o:p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In this application on notice, the
Plaintiff/Applicant herein is praying this Court for an order for recovery of
possession of all that piece or parcel of land together with buildings,
fixtures and fittings situate and lying at House No. Plot 180 Kwadaso Estate,
Kumasi being the property as security by the 2nd Defendant/Respondent, in
favour of the 1st Defendant/Respondent.&nbsp;
The application is made pursuant to sections 32, 33 and 34 of the
Borrowers and Lenders Act, 2008 (Act 773).<o:p></o:p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Applicant&nbsp; is relying on the affidavit in support of the
motion and supplementary affidavit filed on 27th September, 2017 and 8th
December, 2017 respectively.&nbsp; The
gravamen of the application is that the 1st Defendant/Respondent procured a
loan facility of GHc60,000 from the Applicant herein and the 2nd
Defendant/Respondent used the aforementioned</main>