Plaintiff instituted this action on the 13/10/2014 for the refund to plaintiff the sum of GHC233,175.34 being the balance due on a friendly loan he granted to the defendant at the agreed interest of 5% per month from 10/9/2010 to the date of final payment.
THE CASE OF THE PLAINTIFF
The Plaintiff, Col. Mike Ohene –Asante a retired Army officer now a farmer claims that his friend Mr. Yaw Yiadom Boakye -Ansah a contractor approached him sometime in the year 2002 for a friendly loan to carry out his construction businesses. According to the plaintiff he sought a loan from NDK Financial Service for an amount of GHC221, 000.00 for his friend. The plaintiff stated that when the defendant his friend defaulted in
the settlement of the loan NDK sued for the recovery of the loan and NDK placed an embargo on plaintiff’s account and plaintiff was joined as 3rd defendant. Judgment was entered against 1st and 2nd defendants in the sum of GHC663.857.649. According to the plaintiff, …