Client of Bond Savings and Loan files suit demanding payment of 300K owed him
Lawyers for Mr Solomon Ayensu indicate that all attempts at recovering the monies due their client has failed
A client of Bond Saving and Loan Company Limited, Solomon Ayensu through his lawyer Nii Kpakpo Samoa Addo, has filed an application in court seeking an order to compel the company to pay him three hundred and seven thousand three hundred and fifty-six cedis and fifty pesewas (GHc 307,356.50) owed him.
The suit follows a demand letter Solomon Ayensu wrote to the company addressed to the managing director of Bond Savings and Loans Limited and dated 19 June 2023, demanding the payment of what is due him.
“We act as solicitors for and on behalf of Mr Solomon Ayensu on whose instructions we write to you on the above subject matter. Our client informs us that he opened an investment account with your outfit sometime in 2022.
“Our client further informs that as at 31 January 2023, the amount due and standing to his credit was three hundred and seven thousand, three hundred and fifty-six cedis and fifty pesewas (GHc 307,356.50) and all attempts at recovering the monies due him from you has been met with excuses” the demand notice read.
“We hold our client’s instructions to request for the payment of all monies due and payable to our client together with interest that has accrued on same and that if the amount due him is not paid within three (3) days upon receipt of this letter, we shall proceed to file a law suit against you, wherein we shall seek the maximum damages allowed by law, cost of court plus legal fees of twenty-five (25) percent of the total amount including interest” the notice further read.
Reliefs sought
In his suit filed on 26 June 2023, Solomon Ayensu is praying the court for six (6) reliefs. First, a declaration that the Defendant (Bond Saving and Loan Company), breached the contract entered into between the Defendant and the Plaintiff (Solomon Ayensu) by unlawfully and illegally denying the Plaintiff access to funds lodged in his investment account when the maturity date of the Plaintiff’s investment with the Defendant had long lapsed.
Second, an order directed at the Defendant to pay to the Plaintiff three hundred and seven thousand three hundred and fifty six cedis and fifty pesewas (GHc 307.356.50) being the amount due and payable to the Plaintiff on his investment with the Defendant Company.
Third, interest on the said three hundred and seven thousand three hundred and fifty six cedis and fifty pesewas (GHS 307,356.50) from 31 January 2023 to till the date of final payment.
Fourth, damages against the Defendant for breach of contract. Fifth, cost including legal fees at 25% of the total amount claimed and lastly, any other order(s) the court may deem fit.
The Company
Bond Savings and Loan Company Limited according to its website, (www.bond.com.gh), is a non-bank financial institution licensed in 2007 under NBFI law PNDC Law 328 to provide financial services. The company commenced operations as a finance house in 2008 and was able to acquire a savings and loans license in its fifth year of operation.
From humble beginnings Bond has confidently navigated through the turbulent courses of the financial services industry with distinction. Bond is now a household name and takes pride in the wide portfolio of loyal customers who have not just passed through its corridors but customers who have been with the company since inception in fulfilment of the proposition to support and be with them every step of the way.
As a savings and loans company licensed and supervised by Bank of Ghana, it is an establishment authorized to mobilize deposits and provide financial support like any other bank. Bond specializes in and delivers an array of financing solutions that best serve the exact needs of the client.
Products and services at bond are structured to enable customers enjoy the benefits of one stop financing solutions. These financing solutions are anchored on the strongest ethical and professional standards in the industry to build and maintain mutual trust, integrity, honesty and fairness, among other core bonding values.
Reporting by Wilberforce Asare in Accra
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