STANDARD BANK OFFSHORE TRUST COMPANY LIMITED (SUING ON BEHALF OF CERTAIN INVESTORS IN PROMISSORY NOTES SYPHYNX CAPITAL MARKETS PCC INVESTORS & TRICON TRADE MANAGEMENT LIMITED SUBSTITUTED BY DOMINION CORPORATE TRUSTEES LIMITED vs. NATIONAL INVESTMENT BANK LIMITED ELAND INTERNATIONAL GHANA LIMITED DANIEL CHARLES GYIMAH [2018]DLSC260

STANDARD BANK OFFSHORE TRUST COMPANY LIMITED (SUING ON BEHALF OF CERTAIN INVESTO... [2018]DLSC260

Date	2018-03-14
Suit No.	REVIEW MOTION NO. J7/15/2017
Citation No.	[2018]DLSC260

AKUFFO (MS) CJ (PRESIDING)

ATUGUBA JSC

ANSAH JSC

ADINYIRA (MRS) JSC

DOTSE JSC

YEBOAH JSC

BENIN

JSC

NENE AMEGATCHER WITH HIM VICTORIA BARTH AND JERRY DEI FOR PLAINTIFF/RESPONDENT/RESPONDENT/APPLICANT

NUTSUKPUI BENSON WITH HIM YAW OPPONG AND NUTIFAFA NUTSUKPUI FOR 1ST DEFENDANT/APPELLANT/APPELLANT/RESPONDENT

[2018]DLSC260
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													<main id="main" class="content" style="min-height: 60rem" >STANDARD
BANK OFFSHORE TRUST COMPANY LIMITED (SUING ON BEHALF OF CERTAIN INVESTORS IN
PROMISSORY NOTES SYPHYNX CAPITAL MARKETS PCC INVESTORS &amp; TRICON TRADE
MANAGEMENT LIMITED SUBSTITUTED BY DOMINION CORPORATE TRUSTEES LIMITED<o:p></o:p>vs.<o:p></o:p>NATIONAL
INVESTMENT BANK&nbsp; LIMITED<o:p></o:p>ELAND
INTERNATIONAL GHANA LIMITED<o:p></o:p>DANIEL
CHARLES GYIMAH<o:p></o:p><o:p>&nbsp;</o:p>[SUPREME COURT, ACCRA]<o:p></o:p>&nbsp;<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">

REVIEW
MOTION NO. J7/15/2017&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &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: 14TH MARCH, 2018<o:p></o:p>

</div>COUNSEL:&nbsp;&nbsp; <o:p></o:p>NENE
AMEGATCHER WITH HIM VICTORIA BARTH AND JERRY DEI FOR
PLAINTIFF/RESPONDENT/RESPONDENT/APPLICANT.<o:p></o:p><o:p>&nbsp;</o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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</div>CORAM: <o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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</div>&nbsp;<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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RULING<o:p></o:p>

</div>DOTSE, JSC:<o:p></o:p>This
is a Ruling premised upon an application at the instance of the
Plaintiffs/Respondents/Respondents/Applicants, hereafter referred to as the
Applicants praying for a review of the unanimous judgment of the ordinary bench
of this Court delivered on the 21st day of June, 2017 which allowed
an appeal filed by the 1st
Defendants/Appellants/Appellants/Respondents hereafter referred to as the
Respondents.<o:p></o:p><o:p>&nbsp;</o:p>The
application for review was supported by a 52 paragraphed affidavit, sworn to by
Mr. Kwame Pianim, who described himself as the legal representative of the
Applicants herein.<o:p></o:p><o:p>&nbsp;</o:p>The
Respondents herein vehemently opposed this application for review and in this
respect a forty paragraphed affidavit in opposition was sworn to by Robertson
Kpatsa Esq., who described himself as Head of Legal Department of the
Respondent Bank.<o:p></o:p><o:p>&nbsp;</o:p>GROUNDS OF THE REVIEW
APPLICATION<o:p></o:p>This
application for review has been brought on the following grounds:<o:p></o:p><o:p>&nbsp;</o:p><span lang="EN-US" style="font-size:12.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;
mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;">I.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Judgment of the
ordinary bench of the Supreme Court delivered on 21st June, 2017 was
given per incuriam relevant case law and statute law.<o:p></o:p><span lang="EN-US" style="font-size:12.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;
mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;">II.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The ordinary bench of the
Supreme Court misapplied the facts and the ratio decidendi in the case of Naos Holdings v Ghana Commercial Bank [2005-2006</main>