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Tuesday, August 16, 2022

Group Nduom directed to Re-serve Receiver of GN Savings and Loans with Lawsuit

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An Accra High Court has directed Group Ndoum (GN) to properly serve the Receiver of GN Savings and Loans applications it brought before the court.

This was after Council for the Receiver told the court they have not been served with the said application.

An employee of Group Ndoum, Maxwel Nketia, was rather served with the application instead of the New owner of the GN Savings and Loans, Eric Nana Nipa.

The court Presided over by Justice George Koomson adjourned the case to 24th of this month to allow the Receiver to be properly served.

The case is in respect of an injunction filed by Chairman of Groupe Nduom, Papa Kwesi Nduom to compel the Bank of Ghana to restore the license of GN Savings and Loans while the two battle in court over the license revocation.

In the application Mr. Ndoum wants an order from the court to prevent the Reciever of GN Savings and Loans from further interfering directly or indirectly with the rights of the firm’s shareholders, directors and management and also prevent them from controlling the business activities of GN Savings and Loans until the case is determined by the court.

Story filed by Rita Nyarko and Yvonne Asare Offei

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