Pulse.com.gh logo

UT Bank Policemen storm UT Bank HQ over $110,000 judgement debt

The policemen and court bailiffs were there following UT Bank’s inability fulfil a court judgement ordering it to pay a private company; Oxford Street Hotel $110,000.

  • Published:

On Thursday (August 3, 2017) armed policemen and court bailiffs went to the UT Bank headquarters to seal off the building.

Their action followed UT Bank’s inability fulfil a court judgement ordering it to pay a private company; Oxford Street Hotel $110,000.

The bank is said to have withdrawn the amount from the client’s account without rendering the needed service it had charged for.

READ ALSO: IES predicts an increase in fuel prices in August

After filing a suit against the bank, the court ruled that UT Bank pays Oxford Street Hotel $110,000.

At about 9 am on Thursday four armed policemen and two bailiffs arrived at the bank’s headquarters to execute the commercial court’s order which was awarded on June 12, 2017.

Around 10:18 am a notice of stay of execution was shown to the police and bailiffs who later left.

READ ALSO: AfDB pledges to support Ghana


Counsel for Oxford Street Hotel, Charles Tetteh told Graphic Online that his firm had not been served with the notice of stay of execution.

"I would not have gone for the services of the police and bailiffs if my firm had been served with the notice of stay of execution."


The bank earlier filed a stay of execution of the court's June 12, 2017, judgment but on July 24, 2017, the court refused the stay saying the application had no merit.

READ ALSO: Go paperless or be punished, Bawumia tells Agencies

The court also held that the notice of appeal against its June 12, 2017, decision was incompetent having been filed in the High Court and not at the Court of Appeal.

Currently, the bank's motion for stay of execution at the Court of Appeal will be moved on October 16, 2017.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos

Top Articles

1 Investment banks in Ghana Top 5 investment banks in Ghana and why you...bullet
2 Incompetence Otabil wasn't qualified to be Capital Bank Board Chairman...bullet
3 Breaking Otabil finally breaks silence on banking controversiesbullet
4 Salaries In 2018 Here are the dates public workers will be paid in...bullet
5 Banking In Ghana Stranded customers of First Allied Savings &...bullet
6 Education Top 5 private high schools in Ghana according to WAECbullet
7 Increment Fuel prices to go up again – IESbullet
8 Nana Appiah Mensah Menzgold boss apologises to BoG after...bullet
9 Nana Appiah Mensah Menzgold CEO invited by EOCObullet
10 Bank Collapse Capital Bank Board misused GHC 610...bullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
3 Money Alert Meet Africa's richest womanbullet
4 Former Capital Bank staff grills pork for survivalbullet
5 Plane Crash Starbow suspends operations following plane crashbullet
6 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
7 Support Finance minister buys Kantanka carbullet
8 Tech 6 reasons you should buy an iPhone SE instead of any...bullet
9 Bozoma Saint John 10 quotes from Uber top official,...bullet
10 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet