The issue in this appeal, which indeed was the issue before the trial High Court, is whether the Claimant/Appellant, Gold Coast Advisors Company is the same as Gold Coast Fund Management Ltd, the defendant who was before the trial High Court, and for which reason it should be held liable for the debt of the defendant. The trial High Court Judge gave Bench ruling on the issue but could not give the promised detailed ruling before his unfortunate demise. But from his short ruling he accepted the side of the plaintiff’s argument holding that the Gold Coast Advisory Company Ltd, the Claimant/Appellant, was liable for the debt of the defendant and proceeded to make a Decree Absolute in respect of the Bank Accounts with the Zenith Bank in favour of the plaintiff. It is this finding that has brought the parties before this court.
A little background information on the case should suffice for understanding the opinion we are about to deliver.
Plaintiff/Respondent, who we …