ERIC OSEI BONSU
V.
ARB APEX BANK LIMITED, BANK OF GHANA

(2016) JELR 107553 (HC)    
High Court  ·  SUIT No. INDL/29/12 ·  6 Apr 2016 ·  Ghana
CORAM
JUSTICE GIFTY DEKYEM
Core Terms Beta
plaintiff
2nd defendant
1st defendant
year term
managing director
director of 1st defendant
board of 1st defendant
date of birth
external auditors
plaintiff’s contract
exhibit b
proper test
burden of proof
civil cases
heads of department of 1st defendant
majority decision
new managing director
plaintiff’s case
prior notice
provisions of the banking act
statutory authority
appointment of plaintiff
board subject
conducts of plaintiff
draft report of the 1st defendant
effective 1st january
following issues
given case
instance of 2nd defendant
laws of ghana
managing director of 1st defendant
position of a director of a bank
proper persons
retirement benefits
serious allegations

JUDGMENT 

Plaintiff was appointed Managing Director of 1st Defendant for a four year term  effective 1st January, 2008 ending 31st December, 2011. The appointment was  renewable for a further four year term. 1st Defendant is a company incorporated  under the laws of Ghana engaged among others in the business of banking and responsible for supervision, monitoring and management of rural and community  banks in Ghana. 2nd Defendant is the Central Bank of Ghana and among others  responsible for the regulation of the banking industry. Prior to the end of  Plaintiff’s initial four year term, a petition by six Heads of Department of 1st Defendant was lodged against Plaintiff. The petition was investigated and adverse  findings made. Notwithstanding the findings, the Board of 1st Defendant on 23rd September 2011 decided to extend Plaintiff’s contract of appointment by a  majority decision of six votes to five. Plaintiff was informed of 1st Defendant’s  Board decision to renew his contract fo…

There's more. Sign in to continue reading.

judy.legal is the comprehensive database of case law and legislation from Ghana, Kenya and Nigeria. Gain seamless access to over 20,000 cases, recent judgments, statutes, and rules of court.

Get started   Login