30TH AUGUST, 2019

DR PAPA KWASI NDUOM

RE: FALSE PUBLICATION

We write letter on behalf of our client, DE-GEONS INVESTMENT LIMITED and

under the directives of the Managing Director of the same in respect of your
publications of the debtors of the erstwhile First National Savings and Loans
now GN Bank Limited.
The said publications first came to the notice of our client at the website of
myjoyonline.com and subsequently from his colleagues, business partners and
finally from discussions at the various media houses including UTV and its
associated Hello FM.
By virtue of the said publication you indicated vide item 73 that our client is
indebted to your GN Bank Limited of an amount of one Million, Seventy-Four
Thousand Seven Hundred & Thirty Three Thousand Ghana Cedis thirty-Two
Pesewas (GHC 1,074,733.32).
Premised on the above our client informs us to put it to you as follows:
i. Our client acknowledges that it was once a customer of the Bank on or
before the 19th day of December, 2016 and has hitherto ceased to be a
customer of the Bank.

ii. That our client is not indebted to the bank and the said publication is
false, malicious and calculated to damage its reputation.

iii. That on or before the 19th day of December, 2016 our client fully
amortised all the amount of monies it owed the Bank and sequel to this
the Bank by a letter dated 19th December, 2016 and signed by its Credit
Manager of Middle Zone, Alexander Ashie acknowledged that our client
had fully settled all its indebtedness.

iv. Notwithstanding paragraph 3 supra, the Bank by letters dated 9th

November, 2016 and 19th December, 2016 wrote to the Chief Registrar of
the Land registration Division of the Lands Commission and the Regional
Lands Officer respectively all in the Ashanti Region to discharge the
mortgage deed executed between our client and the Bank. The letters
 further indicated that our client is no longer indebted to the Bank and
therefore the property that was used as collateral was to be released
from all obligations.
Our client has therefore instructed us to bring the above to your notice and to
also inform you the following:
1. That the information that was published about our client is spurious and
false as our client is not indebted to GN Bank Limited since November,
2016.

2. We also inform you to withdraw the publication you made about our
client and to also apologise to them of the said false publications in the
same media.

3. Consequently, the false publication has damaged the reputation of our

client, hence legal action would be taken against you for any loss that
may be occasioned or has occasioned to them should you fail to comply
with paragraph 2 above.

Be accordingly informed.

Thank you.

___________________
SOLICITOR/BARRISTER