THE REPUBLIC vs. THE HIGH COURT (COMMERCIAL DIVISION), ACCRA EX PARTE: NANA OWUSU AFRIYIE AND DR. KWAME ADDO KUFUOR [FIRST ATLANTIC BANK LIMITED

THE REPUBLIC vs. THE HIGH COURT (COMMERCIAL DIVISION), ACCRA EX PARTE: NANA OWUS... [2021]DLSC10767

Date	2021-05-26
Suit No.	CIVIL MOTION NO. J5/33/2021
Citation No.	[2021]DLSC10767

DOTSE JSC (PRESIDING)

PWAMANG JSC

DORDZIE (MRS.) JSC

PROF. MENSA-BONSU (MRS.) JSC

KULENDI JSC

CLAUDE OPPON FOR THE INTERESTED PARTY.

KWAKU OSEI ASARE FOR THE APPLICANTS.

[2021]DLSC10767
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													<main id="main" class="content" style="min-height: 60rem" >THE REPUBLIC<o:p></o:p>vs.<o:p></o:p>THE HIGH COURT (COMMERCIAL DIVISION), ACCRA EX PARTE: NANA OWUSU
AFRIYIE AND DR. KWAME ADDO KUFUOR<o:p></o:p>(APPLICANTS)<o:p></o:p>[FIRST ATLANTIC BANK LIMITED - INTERESTED PARTY]<o:p></o:p>[SUPREME COURT, ACCRA]<o:p></o:p><div style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom-width: 1.5pt; border-bottom-color: windowtext; padding: 0cm 0cm 1pt;">

CIVIL MOTION
NO. J5/33/2021&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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: 26TH MAY, 2021<o:p></o:p>

</div>COUNSEL:<o:p></o:p>CLAUDE
OPPON FOR THE INTERESTED PARTY.<o:p></o:p><div style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom-width: 1.5pt; border-bottom-color: windowtext; padding: 0cm 0cm 1pt;">

KWAKU OSEI
ASARE FOR THE APPLICANTS.<o:p></o:p>

</div>CORAM:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<o:p></o:p>DOTSE JSC
(PRESIDING), PWAMANG JSC, DORDZIE (MRS.) JSC, PROF. MENSA-BONSU (MRS.) JSC,
KULENDI JSC <o:p></o:p><div style="border-top-width: 1.5pt; border-top-color: windowtext; border-left: none; border-bottom-width: 1.5pt; border-bottom-color: windowtext; border-right: none; padding: 1pt 0cm;">

<p class="MsoNormal" align="center" style="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>&nbsp;DORDZIE (MRS) JSC:-<o:p></o:p>&nbsp;This is an
application invoking the supervisory jurisdiction of this court under article
132 of the 1992 Constitution of Ghana and Rule 61 of the Supreme Court Rules
1996 C.I 16. The applicants are praying this court for an order of certiorari
to quash the judgment of the High Court, Accra, dated 28th of March
2019, delivered in suit N0. CM/BFS/0638/2017 titled First Atlantic Bank Limited
v Kwasi Boampong Company Limited, Akwasi Amoako and Victoria Boampong. Akwasi
Amoako (2nd defendant and Victoria Boampong 3rd defendant) are
directors of the first defendant company.<o:p></o:p>The
background of the above named suit is that the first defendant company on 20th
of May 2016 applied to the interested Party, First Atlantic Bank Limited (the
bank) for a facility. The purpose of the facility was for the bank to provide
bank guarantee to Guinness Ghana Breweries Limited for payment in respect of
stock supplied to the first defendant company. To secure the facility Mr. Kwasi
Boampong mortgaged his property Plot N0. 3 3/MKT/A/13, Community 3, Tema to the
bank. He did not execute the mortgage deed by himself, but appointed an
attorney, one of the directors of the first defendant company Akwasi Amoako to
act on his behalf. A copy of the Power of Attorney is exhibited with the
interested party’s affidavit as Exhibit FAB5. The contents of the Power of
Attorney are as follows:<o:p></o:p>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
“To use my
property located at Plot No.3 3/MKT/A/13, Community 3, Tema (herein referred to
as “the House”) and more particularly described in the schedule below to secure
a facility (Bank Guarantee in the sum of One Million Ghana Cedis) granted to
Kwasi Boampong Company Limited By First Atlantic Bank Limited.<o:p></o:p>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
To sign as the
Mortgagor on my behalf for the legal mortgage documents prepared by the Bank
for the use of my property as collateral.<o:p></o:p>And I
undertake to ratify whatever my Attorney shall do under the authority”<o:p></o:p>Akwasi
Amoako did execute the mortgage agreement as an attorney of Kwasi Boampong. The
interested party bank on June 13th 20 17 provided the needed
guarantee to the tune of one million Ghana cedis (Ghc 1,000,000)<o:p></o:p>Prior to
this Mr. Kwasi Boampong had died; he died on 31st of January 2017.
The first defendant company defaulted in paying back the loan. First Atlantic
Bank therefore sued Kwasi Boampong Limited, Akwasi Amoako and Victoria Boampong
for recovery of the outstanding debt. The reliefs the bank prayed for in the suit
are:<o:p></o:p>a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
An order for
payment of the sum of Four hundred and sixty six thousand and eight hundred and
fifty three Ghana Cedis and forty five Pesewas (GHȼ 466,853.45)
being the amount due and owing for the Bank Guarantee Facility granted to 1st
Defendant.<o:p></o:p><!--[if !supportLists]--</main>