The Commercial Division of the High Court has ordered Ecobank Ghana to pay $60,000 and GH20, 000 to the former general manager of the Ghana Ports and Harbours Authority (GPHA) for draining his account without his consent.
The court presided over by her ladyship justice Sophia Ressetta Bernarsko Essah in May 2016 fined Ecobank for failing to exercise due diligence and professionalism in protecting the account Mike Griffin.
Mr. Griffin sued Ecobank for transferring his lifetime savings in both his local and foreign account into an unknown account without his consent while he was out of the country undergoing a heart surgery.
But Ecobank later filed a motion for stay of execution as it appeals to the court to overturn the earlier ruling.
However the court which was presided over by Justice Nobel Nkrumah on Friday July 22,2016 denied Ecobank the application for stay of execution.
Lawyer for the plaintiff, Kwesi Opoku says they are pleased the court decision and will immediately retrieve the money for his client.
Mr. Mike Griffin also expressed satisfaction after the court’s denied Ecobank’s plea for a stay of execution.
Meanwhile, lawyer for Ecobank ,Robert Pappoe when contacted by Adom News refused to comment on the issue.