#EcobankMustPayGriffin Litigation blues: Ecobank vs Griffin, who wins?

The bank has 'refused' to pay Mike Griffin a $60,000 and GH20, 000 despite a court ruling in July this year.

  • Published:
24/7 Live - Subscribe to the Pulse Newsletter!

The legal battle between Ecobank Ghana and the former General Manager of the Ghana Ports and Harbours Authority (GPHA) whose account was drained without his consent is not yet over.

This is because the bank has 'refused' to pay Mike Griffin a $60,000 and GH20, 000 despite a court ruling in July this year.

The two are set to battle it out on October 17, 2016 as the bank has since filed another stay of execution at the court with the case.

Speaking to Pulse.com.gh, Mr Griffin said the situation is worrying.

“You see, I didn’t know a lot about our legal system until this my case. You know you can’t do anything till a court makes a decision. when a court makes a decision, they file what was called stay of execution which was saying that no, we don’t want to pay the thing because we want to file an appeal . and then they filed that one, we went to court again, the court said No, they should go ahead and pay. I was expecting them to pay but then they filed a second one, so we are going to court next week...they are just refusing to pay, that’s all,” he said.

The Commercial Division of the High Court in May 2016 fined Ecobank for failing to exercise due diligence and professionalism in protecting the account of Mike Griffin.

Mr. Griffin sued Ecobank for transferring his lifetime savings in both his local and foreign account into an unknown account without his consent while he was out of the country undergoing a heart surgery.

But Ecobank subsequently filed a motion for stay of execution as it appeals to the court to overturn the earlier ruling.

However, the court which was presided over by Justice Nobel Nkrumah on Friday July 22,2016 denied Ecobank the application for stay of execution.

Mr. Mike Griffin believes that if the bank had abided by the court’s ruling, the case would have ended.

Meanwhile, some Ghanaians have taken to twitter in reaction to the case. Below are some of the tweets.

 

Recommended Articles

Recommended Videos





Top Articles

1 Attack Security Coordinator Police arrest lead member of NPP's Delta Forcebullet
2 Migration Crisis Over 200 Ghanaians transiting from Cuba to USA strandedbullet
3 Allowance National Service Scheme denies increasing service allowancebullet
4 Militia Groups Vigilante groups could plunge Ghana into armed...bullet
5 Highway Accident 3 persons injured in fuel tanker accidentbullet
6 Galamsey 5 illegal Chinese miners arrested for mining close to...bullet
7 Security Ghana Armed Forces resumes 2017 recruitment exercisebullet
8 Attack on Security Coordinator NPP's Delta and Invincible...bullet
9 GAF Military barracks to undergo major renovation – Veep...bullet
10 International Relations France to relocate Embassy in...bullet

Top Videos

1 Video Metro Mass bus catches fire on Cape Coast-Kasoa highwaybullet
2 Ghana@60 Agya Koo embarrassed Ghana at Independence Day - Asiedu Nketiabullet
3 Prophecy I predicted Kintampo accident - Prophetbullet
4 Obinim What happen'd when we fact checked Obinim's Bible knowledgebullet
5 In Zimbabwe President Mugabe’s 70 year-old aide marries his...bullet
6 Obinim saga We had sex only once - Obinim victims confessbullet
7 Video Taxi driver terrified after an encounter with a ghostbullet
8 Health Alert Fufu is killing Africans - Mensah Otabilbullet
9 Night Life Some taxi drivers and their night driving...bullet
10 Watch Kumchacha delivers Counselor Lutterodt from 'demons'bullet

News