So if I understand you correctly @akromo....
- Morley lent money to a business owned by Otuo and another Witness ("Fred").
- The money was lent with a clear business agreement at 8%. Presumably Morley would have been aware of the risk he might lose his money and this was allowed for in the contract.
- Otuo sold his shares in the business to Fred with the agreement that creditors including Morley would be paid.
- Fred refuses to pay back creditors including Morley.
- Otuo sues Fred for breach of contract (namely the agreement made when the shares were sold)
- Fred pays Morley back in full.
- Morley accuses Otuo of fraud, takes it to the elders and the elders DF Otuo.
- Bugger all happens to Fred
Have I got it correct?