JULIAN ADOMAKO GYIMAH , AYUDAH INVESTMENT LTD vs. ZENITH BANK ,JOSEPH KWAME ESSEL [2023]DLCA16894

JULIAN ADOMAKO GYIMAH , AYUDAH INVESTMENT LTD vs. ZENITH BANK ,JOSEPH KWAME ESS... [2023]DLCA16894

Date	2023-03-30
Suit No.	SUIT NO H1/189/2022
Citation No.	[2023]DLCA16894

ALEX B. POKU-ACHEAMPONG JA (PRESIDING)

NOVISIARYENE JA

AFIA SERWAH ASARE-BOTWE JA

VICTOR LASSEY FOR PLAINTIFF/APPELLANTS

RITA MARIAN ANDOH FOR DEFENDANT/RESPONDENT

HANS AWUNDEY FOR 2ND DEFENDANT/RESPONDENT

[2023]DLCA16894
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(1ST PLAINTIFF/APPELLANT)<o:p></o:p>

(2ND PLAINTIFF/APPELLANT)<o:p></o:p>

vs.<o:p></o:p>

(1ST DEFENDANT/RESPONDENT)<o:p></o:p>

JOSEPH KWAME ESSEL <o:p></o:p>

(2ND DEFENDANT/RESPONDENT)<o:p></o:p>

[COURT OF
APPEAL, ACCRA]<o:p></o:p>

SUIT NO H1/189/2022&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &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:
30TH&nbsp;&nbsp;MARCH 2023<o:p></o:p>

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COUNSEL<o:p></o:p>

<span lang="EN-US" style="font-size:12.0pt;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:
&quot;Times New Roman&quot;;mso-bidi-font-family:&quot;Times New Roman&quot;;mso-bidi-font-weight:
bold">VICTOR LASSEY FOR PLAINTIFF/APPELLANTS<o:p></o:p>

<span lang="EN-US" style="font-size:12.0pt;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:
&quot;Times New Roman&quot;;mso-bidi-font-family:&quot;Times New Roman&quot;;mso-bidi-font-weight:
bold">RITA MARIAN ANDOH FOR DEFENDANT/RESPONDENT<o:p></o:p>

</div>

ALEX B. POKU-ACHEAMPONG JA (PRESIDING),
NOVISIARYENE JA, AFIA SERWAH ASARE-BOTWE JA<o:p></o:p>

<p class="MsoNormal" align="center" style="text-align:center;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">JUDGMENT<o:p></o:p>

</div>

&nbsp;

NOVISI ARYENE JA:<o:p></o:p>

By judgment delivered on 30th of
July 2021, the Commercial Division of the High Court, Accra dismissed
Plaintiffs’ action against defendants for the following reliefs:<o:p></o:p>

a.<span style="font-style: normal; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Declaration that defendants breached their
fiduciary relations and duty towards plaintiffs<o:p></o:p>

b.<span style="font-style: normal; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Declaration that freezing of plaintiffs’
accounts by the defendant bank without a court order was wrongful<o:p></o:p>

c.<span style="font-style: normal; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General damages for breach of fiduciary relationship<o:p></o:p>

d.<span style="font-style: normal; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General damages for wrongful