SPRINGFIELD ENERGY LTD, FIDELITY BANK (GH) LTD vs. BULK OIL STORAGE AND TRANSPORTATION CO. LTD. [2023]DLSC16160

SPRINGFIELD ENERGY LTD, FIDELITY BANK (GH) LTD vs. BULK OIL STORAGE AND TRANSPOR... [2023]DLSC16160

Date	2023-12-07
Suit No.	CIVIL APPEAL NO. J4/33/2022
Citation No.	[2023]DLSC16160

YEBOAH CJ (PRESIDING)

PWAMANG JSC

PROF. KOTEY JSC

AMADU JSC

PROF. MENSA-BONSU (MRS.) JSC

SEAN POKU ESQ. FOR THE 1ST PLAINTIFF/RESPONDENT/APPELLANT.

L. S. N. AKUETTEH ESQ. FOR THE DEFENDANT/APPELLANT/RESPONDENT

[2023]DLSC16160
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													<main id="main" class="content" style="min-height: 60rem" >SPRINGFIELD ENERGY LTD <o:p></o:p>(1ST PLAINTIFF/
RESPONDENT/APPELLANT)&nbsp; <o:p></o:p>FIDELITY BANK (GH) LTD<o:p></o:p>(2ND PLAINTIFF)<o:p></o:p>vs.<o:p></o:p><a name="_heading=h.gjdgxs"></a>BULK OIL STORAGE AND TRANSPORTATION CO.
LTD.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (DEFENDANT/APPELLANT/RESPONDENT) <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 APPEAL NO. J4/33/2022&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DATE:
7TH DECEMBER 2023<o:p></o:p>

</div>COUNSEL <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;">

SEAN POKU ESQ. FOR THE 1ST
PLAINTIFF/RESPONDENT/APPELLANT. <o:p></o:p>

L. S. N. AKUETTEH ESQ. FOR THE
DEFENDANT/APPELLANT/RESPONDENT.<o:p></o:p>

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

<p class="MsoNormal" align="center" style="margin-bottom:0cm;text-align:center;
line-height:normal;border:none;mso-border-top-alt:solid black 1.5pt;mso-border-bottom-alt:
solid black 1.5pt;padding:0cm;mso-padding-alt:1.0pt 0cm 1.0pt 0cm">JUDGMENT <o:p></o:p>

</div>&nbsp;AMADU JSC<o:p></o:p>&nbsp;(1)<span style="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-stretch: normal; font-size: 7pt; line-height: normal; font-family: &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
INTRODUCTION<o:p></o:p>This is an
appeal from the judgment of the Court of Appeal which set aside the summary
judgment entered by the High Court in the sum of USD$11,104,143.29 in favour of
the 1st Plaintiff/ Respondent/Appellant against the
Defendant/Appellant /Respondent.<o:p></o:p>(2)<span style="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-stretch: normal; font-size: 7pt; line-height: normal; font-family: &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
BACKGROUND FACTS<o:p></o:p>By a writ of
summons and statement of claim filed on 18th November, 2015, the 1st
Plaintiff/Respondent/Appellant (hereinafter
referred to as the “Appellant”) claimed against the Defendant/Appellant/
Respondent (hereinafter referred to as
the “Respondent”) the following reliefs:<o:p></o:p>“a.&nbsp;&nbsp; Recovery of the sum of USD$20,226,717.75
being Defendant’s<o:p></o:p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
cumulative indebtedness to Plaintiff as at 12/11/15.<o:p></o:p>&nbsp;<p class="MsoListParagraphCxSpFirst" style="margin-top:0cm;margin-right:0cm;
margin-bottom:0cm;margin-left:54.0pt;mso-add-space:auto;text-align:justify;
text-indent:-18.0pt;line-height:150%;mso-list:l2 level1 lfo2">b.