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in Banking

Court Orders for Substituted Service for Ecobank MD and Others Cited For Contempt of Court

Maynard Championby Maynard Champion
December 24, 2021
Reading Time: 3 mins read
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Court Orders for Substituted Service for Ecobank MD and Others Cited For Contempt of Court

Mr Daniel Sackey, MD of Ecobank Ghana

An Accra High Court has ordered for a substituted service in an application for committal to prison for contempt of court filed against the Managing Director and some officers of the Ecobank Ghana.

The order for a substituted service followed as a result of three unsuccessful attempts to serve the three officials of the Bank, the application for committal to prison for contempt of court filed on December 14, 2021 by Mr Thaddeus Sory, one of the lawyers for Mr. Daniel Ofori, a Businessman.

The Bank Officals involved are: Mr Daniel Sackey, Managing Director of Ecobank Ghana, Madam Ewuraa Abena Asafo-Boakye, Head of the Legal Department of the Bank and Mr William Asamoah-Otoo of the Legal Department.

According to the affidavit in support of the application, a writ of Fi-Fa from the High Court pasted on the Head Office of the Bank on November 26, 2021, in enforcement of orders of the Supreme Court, was removed by Mr. William Asamoah-Otoo at the instance of Mr. Dan Sackey and Ewuraa Abena Asafo-Boakye.

Lawyers for Mr Ofori indicated that this was done immediately after the Fi-Fa was pasted on the premises of the bank.

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The Court presided over by Justice Gifty Adjei, granted the application for substituted service and subsequently ordered that the three persons be served the writ by pasting it on the premises of the Head Office of the Bank.

The writ is also to be pasted at No. 19, Seventh Avenue, Ridge West, Accra, in the case of Mr. Sackey and Mr Asamoah-Otoo and at No. 2 Mandy Close, Mayfair Gardens, Upper East Airport, and No. 2, Morocco Lane, Off Independence Avenue, Ministerial Area, Accra in the case of Madam Ewuraa Abena Asafo-Boakye.

The Court ordered that the notices should be pasted for a period of 14 days. Additionally, the Court ordered that an officer of the Bank also be served with the Court processes in respect of the contempt application.

The Court noted that a hearing notice for the next date for the three persons to appear in court should also be served on them.

The Court thus, adjourned to January 12, 2022 to enable the three Officers to appear in court to answer the charges of contempt filed against them.

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The Fi- Fa followed an order of the court that Mr Ofori must recover from Ecobank an amount of GHS96, 304,972.41.

Fi-Fa is a writ of execution after a party had obtained judgment in a legal action to recover debt or damages.

The Supreme Court on June 1, 2021, ruled that the amount of GHS96, 304,972.41 which has been admitted in an affidavit of the Head of Legal Department of the Ecobank Ghana should be reflected in the entry of judgment of Mr Ofori, while an outstanding amount which was being contested in a dispute in court should go ahead.

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Ecobank, together with Securities and Exchange Commission and Ghana Stock Exchange have been in court with Mr Ofori for the past 13 years over a share trade transaction in 2008.

READ ALSO: Labor Expert Blames CLOGSAG Strike Threats on Government’s Inaction

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Tags: courtEcobank MDMr Daniel Sackey
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