- Court bailiffs attempted to close down UT Banks head offices on Thursday, August 3rd
- The officers of the court did not close down the offices due to a pending stay of execution request
Court bailiffs have descended on Unique Trust's (UT) Head Offices in Airport City, in the capital Accra with the intent to seal the building due to the bank's alleged failure to pay Oxford Street Hotel a judgement debt to the tune of $110,000.
According to reports, officers of the Accra High Court arrived on the scene at approximately 9:00 o'clock in the morning, on Thursday, August 3rd, but left the scene approximately an hour later after UT Bank's lawyers produced court issued evidence that the bank has requested for a stay of the court order.
Reports have it that the UT Bank officials withdrew the aforementioned amount of funds from Oxford Street Hotel's accounts but allegedly did not render the requisite services.
Pay Attention: Get all the latest news on YEN.com.gh
According to graphiconline.com.gh's report, UT Bank's legal representation filed for a stay of the court's order made on June 12th of this year. Unfortunately for UT Bank, on July 24th, 2017 the court struck the stay request saying that the application bore no merit.
According to Justice George Boadi, who presided the proceedings, the appeal should have been filed at the Court of Appeals, as opposed to where it was file at the High Court.
Mr. Charles Tetteh, legal representative of the Oxford Street Hotel who spoke to the Graphic Online, his firm have not been given notice of the stay of execution.
Do you have any story to share with YEN? Get featured! We are available on Facebook and email via email@example.com