The Kanifing Magistrates Court, presided over by Senior Magistrate Abdoulie Mbacke, on Wednesday ordered two defendants, Modibo Taal and Abdoulie Kandeh, to pay the International Commercial Bank Limited the sum of D208,437.55 within a period of three months,  from October 15th to December, 2008.

When the case was called, the claim sheet was read to both defendants in English and they accepted the liability. At that juncture, the presiding magistrate ruled that the defendants should settle the sum, giving them the three months ultimatum.

He further informed the court that the defendants have accepted the liability but wanted to be given time to discuss the mode of payment with the plaintiff as to see how they were going to settle the whole debt.

The second defendant was said to have served as a guarantor for the first defendant as they are all banking with the said company.
 
According to the particulars of the claim, the 1st defendant owes the plaintiff, the sum of D208,437.55 representing the principal sum owed plus interest and bank charges. It also revealed that in the course of the operation of the defendant’s account with the plaintiff as aforesaid, the plaintiff agreed to grant an executive term loan to the 1st defendant for the sum of D150,000.

The magistrate warned the defendants saying that if they should default for even one month, then the entire sum would have to be paid within a month.

The plaintiff was represented by Salieu Taal and the defence by Lawyer Lamin Mboge.