The Human Right division of the Accra High Court has set December 18 to determine whether it has the jurisdiction to sit over the case brought to it by Dr Papa Kwesi Nduom against the central bank and receiver of the savings and loans companies.
Dr Nduom is praying the Court to revert the decision by the Bank of Ghana (BoG) to revoke the license of GN Savings and Loans, saying the action is a violation of his fundamental human rights.
Lawyers for the BoG have raised a legal objection to the application on the basis that the jurisdiction of the High Court has been wrongly invoked.
Upon several hearings, the Court presided over by Justice Gifty Addo Adjei, she set December 18, to determine the jurisdiction of the case.
According to lawyers of Dr Nduom, the action taken by the bank of Ghana and it's agent, which includes the receiver of the savings and loans companies, is a clear violation of his human right.
Lawyers for the central bank and Attorney General say the jurisdiction of the court has been wrongly invoked because matters of banking revocation are expected to go for arbitration at the Arbitration Centre.
But the lawyer for Dr Nduom, Justice Srem Sai vehemently opposed this argument.
According to him, the Act giving the opportunity for arbitration also made a provision for aggrieved persons to result to the courts if their human right has been violated.
Lawyer for the first respondent, Frank Davies debunked this arguing that Justice Srem Sai and his client failed to demonstrate to the court over the claims that their human rights have been violated.
He further prays the court to strike out the case and direct the applicants and Group Nduom to result in arbitration.
But Justice Srem Sai shot this down saying similar cases were heard in the High Court without going through arbitration.
The court presided over by Justice Gifty Addo Adjei upon hearing both sides adjourned to December 18, to rule on the matter.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
‘Tribalism, partisanship and lawlessness are the biggest obstacles to our development’ – Togbe Afede XIV
17 mins -
Rabiot double seals top spot for France
34 mins -
Police vow to arrest South African miners as standoff continues
48 mins -
Togbe Afede XIV livid about state of Ghana’s economy, scandals in government
59 mins -
Top Republican says Trump nominees are ‘disruptors’
1 hour -
Undocumented migrants hope Trump mass deportations only ‘for criminals’
1 hour -
Final phase for mass rape trial that has horrified France
2 hours -
Trump, Musk and new cabinet nominees celebrate at UFC
2 hours -
‘Anointed by God’: The Christians who see Trump as their saviour
2 hours -
‘My parents drove me to raves aged 15’, says Charli XCX
2 hours -
Venezuela frees more than 100 arrested after disputed election result
2 hours -
‘Record breaking’ 60m homes watched Tyson vs Paul fight, Netflix says
3 hours -
Musk rebuked after siding with Meloni on Italy’s foreign migrant centres
3 hours -
‘I want my womb removed but doctors say I’m too young’
3 hours -
Xi says he will work with Trump in last meeting with Biden
3 hours