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Eco Bank Runs To Supreme Court

EcoBank Liberia is seeking the Supreme Court’s intervention after being found liable for over one million United States dollars.

The bank, though its lawyers, has filed an appeal with the high court, expressing dissatisfaction with the decision rendered by the Judge of the sixth Judicial Circuit Civil Law Court for Montserrado County, Boima Kontoe.

Judge Kontoe recently served a Writ of Execution on the Management of Eco Bank for an action of damage of wrong worth over US1M dollars.

He court sheriff as saying, “The Writ of Execution in the possession of this paper states thatyou are hereby commanded to seize and expose for sale the lands, goods and chattels of the Appellant/Defendants herein named of the City of Monrovia, Montserrado County, Republic of Liberia and if the sum realized therefrom be not sufficient than their real property, until you shall  have raised the sum of One Million, Eighty Thousand , and twenty United states dollars (US$1,080,020.00)and Twenty Thousand, five hundred Liberian dollars. (LD$20,500.00).”

The Writ of Execution was ordered on Thursday October 19, 2017 at the Temple of Justice.

A letter in the possession of this paper, dated October 20, 2017, from the Clerk of the Supreme Court, instructs Cllr. Necular Y. Edwards (counsel for plaintiff) of the Wrights and Associates Law Firm to appear on Tuesday, October 24, 2017 at a conference with the Associate Justice presiding in chamber, Justice Kabineh M. Ja’neh in connection with the petition filed against his client (Austen Clarke).

The contending issue for the justice in chamber is to determine whether the Bill of Exception was not filed on time and whether the law cited by Judge Kontoe is applicable in this case, because the counsel representing the bank’s interest earlier argued that the ten days as required by statute for the filing of a Bill of Exceptions does not apply to this case because the case was a jury trial and not a bench trial.

It can be recalled that, on September 14, 2017 the Civil Law court rendered final judgment of liable against defendant (Eco Bank) after hearing evidence and entertainment of argument to the court’s final judgment, the defendant (Ecobank) excepted and announced an appeal to the high court which was granted.

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