General News of Thursday, 3 August 2017
Source: Graphic.com.gh
2017-08-03
The bank withdrew the said amount from the client’s account for a service which it failed to render.
Armed policemen and court bailiffs Thursday morning went to the UT Bank headquarters at airport in Accra to seal off the building following the bank’s failure to obey a court judgment ordering it to pay Oxford Street Hotel, a private entity $110,000.
The policemen and bailiffs got there around 9:06 am but left around 10:18 am when lawyers for the bank produced court documents to prove the bank has filed for stay of execution of the High Court’s judgment at the Court of Appeal.
The bank withdrew the said amount from the client’s account for a service which it failed to render.
Graphic Online’s Mabel Aku Baneseh reported from the bank’s premises that the four armed policemen and two bailiffs were at the bank to execute the commercial court’s order which was awarded on June 12, 2017 but left when the notice of stay of execution was shown to them.
Background
The bank filed a stay of execution of the court’s June 12, 2017 judgment but the court on July 24, 2017 refused the stay saying the application had no merit.
The court, presided over by Mr Justice George Boadi also held that the notice of appeal against its June 12, 2017 decision was incompetent having been filed in the High Court and not at the Court of Appeal.
In the present circumstance, the bank’s motion for stay of execution at the Court of Appeal will be moved on October 16, 2017.
Counsel for Oxford Street Hotel, Mr Charles Tetteh told Graphic Online that his firm had not been served with the notice of stay of execution.
“I would not have gone for the services of the police and bailiffs if my firm had been served with the notice of stay of execution,” Mr Tetteh added.
