In: Accounting
Answer:- As per given that,
KOO NIMO owns a chain of business in Ghana Commercial Bank and relied on the services of its agent bank REEP Bank to transfer the money to Cyprus, thus it is important to service expectation that his bank in Ghana facilitates the full details of the financial health and stability of its agent bank
As the bank in Ghana failed to provide the important information and continued to use the service of agent bank REEP for the money transaction, he was informed that he needed to be a customer by account opening before they could advance a loan to him. thus its seems a case of disguised service qualities and service information that caused Nimo some financial losses. The bank refused and Kwadwo became furious and threatened to close his account with the bank.
On the basis of disguising the relevant service information, Nimmo can file a lawsuit against the bank in Ghana on account of lack of customer service and non-disclosure of the important service information