In a recent legal development, the Accra High Court has handed down a verdict in favor of the former Chief Finance Officer (CFO) of First Atlantic Bank, effectively striking out the bank’s name from the case brought against them by Deborah Seyram Adablah.
The case, which garnered significant attention, involved a legal battle between Deborah Seyram Adablah and the financial institution, First Atlantic Bank. However, the court’s ruling has now resulted in a favorable outcome for the former CFO of the bank.
In a notable twist, the court has also ordered Deborah Seyram Adablah to bear a cost of GH¢5,000 as a result of her unsuccessful litigation. This order comes as a significant reduction from the original amount of GH¢50,000, which was initially requested by the Lawyers of First Atlantic Bank.
The ruling has implications for both parties involved, with the former CFO of First Atlantic Bank being exonerated of the charges brought against them. On the other hand, Deborah Seyram Adablah faces the financial burden of the court-ordered costs.
The case’s resolution has sparked discussions within legal circles, as it sheds light on the importance of proper due diligence and evidence in any litigation. It also highlights the role of the judiciary in ensuring a fair and just legal process.
Meanwhile, Deborah Seyram Adablah’s legal team is yet to issue a public statement regarding the ruling.
As the news of the verdict spreads, observers and industry experts await further details on the implications of this ruling and the potential impact it may have on future legal proceedings within the financial sector.
With the case concluded, the former CFO of First Atlantic Bank can now focus on rebuilding his professional reputation, while Deborah Seyram Adablah faces the responsibility of settling the court-ordered costs.
Source:Utv
