Jatto Ceesay loses legal battle wit AGIB
Wednesday, April 22, 2009
A renowned Gambian international footballer, Jatto Ceesay, has lost a long-running legal battle with Arab Gambia Islamic Bank (AGIB) over a mortaged house.
A High Court order for the sale of the 35-year-old former Scorpions skipper's property, located at Ker Serign, Wester Region, was given on April 15, 2009. Ceesay, who currently plies his trade with the Cypriot second division club, Digenis Morphou, was sued by the Arab Gambia Islamic Bank Ltd, with the plaintiff (Arab Gambia Islamic Bank Ltd) seeking the recovery of the sum of D2,591,645.27 being monies due to the plaintiff and cost of D45,000.00 being legal expenses incurred by the plaintiff in the process of instituting the action.
The claim further stated that an order for the judicial sale of the property mortgaged to the plaintiff was contained in mortgage deed of serial registration no. 21/2005 vol. 22 pm, which also stated that the plaintiff be given conduct of the sale and such other orders as the court may deem fit to make.
According to the statement of the claim, the defendant had also applied for financing from the plaintiff amounting to D2,014,110 for the purchase of merchandise and it was to be paid under the terms of the agreement.
Author: Nanama Keita