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NATIONAL INVESTMENT BANK LIMITED
V.
MIDONAR LIMITED AND 2 ORS

(2025) JELR 115189 (HC)

High Court 8 Jul 2025 Ghana
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- The Plaintiff, a Ghanaian bank, sued to recover GHS1,384,806.60 plus interest and sought judicial sale of two mortgaged properties, claiming the 1st Defendant (a company) defaulted on a restructured loan facility, for which the 2nd and 3r

Case Details

Suit Number:CM/BFS/0498/2020
Judges:YAA ONYAMEYE GYAKOBO, JA.
Counsel:NAOMI ASIEDU FOR THE PLAINTIFF GEORGE BEKAI FOR THE DEFENDANTS
Location:Accra

JUDGMENT

I. INTRODUCTION

1. On 13th February 2020, the Plaintiff herein sued a writ out of the registry for the following reliefs:

a. An order for the recovery of the sum of GHS1,384,806.60 being the outstanding liability on the facility granted to the 1st Defendant;

b. Interest on the said sum of GHS1,384,806.60 at the prevailing interest rate from 21st November 2019 till date of final payment;

c. Judicial sale of the mortgaged residential property situated and numbered as House NO. ANT/AB 35, North West Achimota, Accra;

d. Judicial sale of the mortgaged property designated as Plot No. 2E, 2nd Market Street, Dansoman, Accra;

e. Costs.

II. PLAINTIFF’S CASE

2. The Plaintiff, a company registered under the laws of Ghana and engaged in the business of banking, pleaded that the 1st Defendant is a registered company and its customer and that the 2nd and 3rd Defendants are directors and guarantors of the facility granted the 1st Defendant.

3. The Plaintiff also pleaded that the 1st Defendant appli…

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