DANIEL GIBSON DANSO vs. INTECELL INVESTMENTS LTD, KUDJO ANKU, DAVID FAMEYE AND DAVID OSEI-MANU [2019]DLCA8678

DANIEL GIBSON DANSO vs. INTECELL INVESTMENTS LTD, KUDJO ANKU, DAVID FAMEYE AND... [2019]DLCA8678

Date	2019-07-18
Suit No.	CIVIL APPEAL SUIT NO. H1/57/2019
Citation No.	[2019]DLCA8678

P. K. GYAESAYOR JA (PRESIDING)

LOVELACE-JOHNSON JA

CECILIA SOWAH JA

MR. CHARLES BENTUM FOR DEFENDANTS/APPELLANT

NANA KOFI BOKOE FOR PLAINTIFF/RESPODENT

[2019]DLCA8678
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													<main id="main" class="content" style="min-height: 60rem" >DANIEL GIBSON DANSO<o:p></o:p><w:sdtpr></w:sdtpr>(PLAINTIFF/RESPONDENT)<o:p></o:p><span lang="EN-GB" style="font-size:12.0pt;line-height:107%;font-family:&quot;Book Antiqua&quot;,serif;
 mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;;
 color:#00B0F0;mso-ansi-language:EN-GB">vs.<o:p></o:p>INTECELL INVESTMENTS LTD, KUDJO ANKU, DAVID FAMEYE AND DAVID
 OSEI-MANU<o:p></o:p>(DEFENDANTS/APPELLANTS)<o:p></o:p><o:p>&nbsp;</o:p>[COURT OF APPEAL,
 ACCRA]<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">
 CIVIL APPEAL SUIT
 NO. H1/57/2019&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &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: 18TH JULY, 2019<o:p></o:p>
 </div>COUNSEL:<o:p></o:p>MR. CHARLES BENTUM FOR DEFENDANTS/APPELLANT<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">
 NANA KOFI BOKOE FOR
 PLAINTIFF/RESPODENT<o:p></o:p>
 </div><span lang="EN-GB" style="font-size:12.0pt;
 line-height:107%;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:
 &quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;;mso-ansi-language:EN-GB">CORAM:<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. K. GYAESAYOR JA
 (PRESIDING), LOVELACE-JOHNSON JA, CECILIA SOWAH JA <o:p></o:p>
 </div>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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">
 <p class="MsoNormalCxSpLast" align="center" style="margin-bottom:0cm;margin-bottom:
 .0001pt;mso-add-space:auto;text-align:center;line-height:normal;mso-pagination:
 none;mso-layout-grid-align:none;text-autospace:none;border:none;mso-border-bottom-alt:
 solid windowtext 1.5pt;padding:0cm;mso-padding-alt:0cm 0cm 1.0pt 0cm">JUDGMENT<o:p></o:p>
 </div>GYAESAYOR, JA<o:p></o:p>This is an appeal against the decision of the High
Court, Accra dated 5th of March 2018.<o:p></o:p>In this judgment the plaintiff/respondent shall be
called plaintiff whiles the appellants shall be called defendants.<o:p></o:p><o:p>&nbsp;</o:p>The plaintiff is a retired police officer who invested
an amount of Gh¢80,000 into an alleged financial institution belonging to 2nd
to 4th defendants known as Intercell Financial Investment.&nbsp; He was to be paid a monthly interest of Gh¢2,400
from 5th June 2011 to February 2012.<o:p></o:p><o:p>&nbsp;</o:p>After some initial payment of the interest agreed
upon, they ceased paying.&nbsp; Plaintiff then
applied for a return of half of his investment which amounted to Gh¢40,000 but
they failed to pay. He then reported the matter to police CID who found during their
investigation that the defendants were not licensed to operate as a financial
institution.&nbsp; He therefore wrote to terminate
the agreement.<o:p></o:p><o:p>&nbsp;</o:p>As a result of police investigation the matter went
to the Circuit Court who discharged the defendants on the grounds that this is
a civil matter to be pursued in the civil courts and not in the Criminal Court.<o:p></o:p><o:p>&nbsp;</o:p>Upon this decision of the Circuit Court, the
plaintiff issued a writ in the High Court on 3rd November, 2017
claiming the following reliefs;<o:p></o:p>a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;