The Court of Appeal has, today, 1 December 2022, held that the High Court was wrong in deciding that Bank of Ghana’s decision to appoint Nii Amanor Dodoo as Receiver of UniBank was wrong.
Background
It may be recalled that, in the civil case to recover over GHS 5.7 Billion from Dr, Kwabena Duffuor and the other defendants, the High Court granted an application by Dr. Kwabena Duffour and the other defendants, and struck out the Receiver’s case against them, based on the argument that Nii Amanor Dodoo should not have accepted Bank of Ghana’s appointment as Receiver of uniBank, because two years had not passed since he worked on the team of the Official Administrator of UniBank. The Receiver appealed against the decision on 28 June, 2021.
Ruling
In a unanimous judgment (read by His Lordship Richard A. Frimpong, JA) the Court of Appeal held that the High Court was wrong in its interpretation of the relevant provisions of Act 930, and that Nii Amanor Dodoo was properly appointed as Receiver. The Court of Appeal also referred to, and endorsed its own earlier decision in another (but related) matter, in which it ruled that Nii Amanor Dodoo was validly appointment.
Implications
Today’s decision means that the Receiver can now continue with his work and efforts to take back the amounts he claims were taken out of UniBank by Dr. Duffour and the other defendants.
Latest Stories
-
There’s something mysteriously amiss somewhere about ongoing ‘dumsor’ – Gabby Otchere-Darko
12 mins -
South Africa: Team Western Cape wins National Primary School Track and Field Championships
27 mins -
Chale Wote Street Art Festival: A call for artists ahead of 2024 edition
2 hours -
Floods: We’re exposed but my team and I are ‘running’ to catch up – Oppong Nkrumah
2 hours -
5 traits of sweet, committed men that may seem like red flags at first
4 hours -
We met on Twitter and our first date was a week-long road trip
4 hours -
The biggest mistake people make when meeting someone in person after talking online
4 hours -
I traveled 500 miles for a first date
4 hours -
My cousin saved my life and she never knew
4 hours -
Top UN court orders Israel to allow food and medical aid into Gaza
4 hours -
Fallen ‘Crypto King’ Sam Bankman-Fried gets 25 years for fraud
4 hours -
The architecture we have used to tackle housing deficit has not been robust enough – Oppong Nkrumah
5 hours -
Government suspends implementation of price Stabilisation and Recovery levy on petroleum products
6 hours -
Takoradi traders lament over low sales ahead of Easter
7 hours -
I’ve served Effia constituency well – Joseph Cudjoe
7 hours