Company sues Dr. Nduom over publication of name in debtors list
of the companies captured in the list of companies indebted to Gold Coast Fund Management (GCFM) released few days
ago has sued the company.
for De-Geons Investments Limited, in a letter, addressed to the President and
Chairman of Groupe Nduom (GN), Dr. Papa Kwesi Nduom said their client is “no
longer indebted to the Bank.”
“The information that was
published about our client is spurious and false as our client is not indebted
to GN Bank Limited.
false publication has damaged the reputation of our client, hence legal action
would be taken against you for any loss that may be occasioned or has
occasioned to them should you fail to comply with paragraph 2 above,” the
30TH AUGUST, 2019
DR PAPA KWASI NDUOM
RE: FALSE PUBLICATION
We write letter on behalf of our client, DE-GEONS
INVESTMENT LIMITED and under the directives of the Managing Director of the
same in respect of your publications of the debtors of the erstwhile First
National Savings and Loans now GN Bank Limited.
The said publications first came to the notice of our
client at the website of myjoyonline.com and subsequently from his colleagues,
business partners and finally from discussions at the various media houses
including UTV and its associated Hello FM.
By virtue of the said publication you indicated vide
item 73 that our client is indebted to your GN Bank Limited of an amount of one
Million, Seventy-Four Thousand Seven Hundred & Thirty Three Thousand Ghana
Cedis thirty-Two Pesewas (GHC 1,074,733.32).
Premised on the above our client informs us to put it
to you as follows:
- Our client acknowledges that it was once a
customer of the Bank on or before the 19th day of December,
2016 and has hitherto ceased to be a customer of the Bank.
- That our client is not indebted to the
bank and the said publication is false, malicious and calculated to damage its
- That on or before the 19th day
of December, 2016 our client fully amortised all the amount of monies it owed
the Bank and sequel to this the Bank by a letter dated 19thDecember,
2016 and signed by its Credit Manager of Middle Zone, Alexander Ashie
acknowledged that our client had fully settled all its indebtedness.
- Notwithstanding paragraph 3 supra, the
Bank by letters dated 9th November 2016 and 19th December,
2016 wrote to the Chief Registrar of the Land Registration Division of the
Lands Commission and the Regional Lands Officer respectively all in the Ashanti
Region to discharge the mortgage deed executed between our client and the Bank.
The letters further indicated that our client is no longer indebted to the Bank
and therefore the property that was used as collateral was to be released from
Our client has, therefore, instructed us to bring the
above to your notice and to also inform you the following:
the information that was published about our client is spurious and false as
our client is not indebted to GN Bank Limited since November 2016.
- We also
inform you to withdraw the publication you made about our client and to also
apologise to them of the said false publications in the same media.
the false publication has damaged the reputation of our client, hence legal
action would be taken against you for any loss that may be occasioned or has
occasioned to them should you fail to comply with paragraph 2 above.
Be accordingly informed.