LAWRENCE BRUCE KYEI v. FIRST ALLIED SAVINGS AND LOANS LTD

The Plaintiff sued the Defendant to recover fixed deposit investments and agreed interests. A default judgment was entered against the Defendant, who later sought to have it set aside, arguing procedural and substantive defenses. The court found no reasonable defense from the Defendant, upheld the default judgment, and validated the execution processes. It determined that the Defendant's admission of debt under Exhibit 1, an agreement with an interested third party, rendered the defense untenable, thus denying the motion to set aside the default judgment.