Vision1 FM                       Light FM                         Light TV

Jan. 21 set for the judgement on property ownership on Woyome's case,

January 21, 2019 has been set by the Supreme Court for its judgement on a suit filed by defunct UT Bank claiming ownership of some properties out of many others identified by the State as belonging to the embattled businessman Alfred Agbesi Woyome.

 

 

The State identified five substantial properties supposedly owned by Mr Woyome estimated at $1.5million each that could prove vital in retrieving the GH¢51.2 million judgement debt he received from the state. However, non-existing UT Bank claimed that some of the properties identified by the State are theirs. The properties in dispute include two executive buildings located at Trassaco, a suburb in Accra and a mining quarry in the Eastern Region of Ghana.

 

It is the claim of lawyers of the defunct UT bank that Woyome, used the said properties as collateral for loans at the bank which he failed to pay back. Ownership of the properties according to UT bank, based on the failure to pay back the loans transferred to the bank. The State intends to sell the properties to offset the over GH¢51million wrongfully paid to the Woyome. The State represented by a Deputy Attorney General, Godfred Yeboah Dame, argued that there is no evidence to show that the said properties were used as collateral by Woyome to secure loans from UT bank.

 

The properties,  the State says are owned by the embattled businessman, and is, therefore, praying the Court to declare same as true to give the State the go-ahead to sell them. The Court presided over by Justice A Benin, instructed the parties in the case to file their written addresses within two weeks. The Court will reconstitute on the 21st of January 2019, to deliver its judgement.

 

Background

 

Mr Woyome was paid GH¢51million after claiming he helped Ghana raise funds to construct stadia for the hosting of the 2008 Africa Cup of Nations. However, an Auditor General’s report released in 2010, held that the amount was paid illegally to him. Subsequently, the Supreme Court in 2014 ordered Mr Woyome to pay back the money, after a former Attorney General, Martin Amidu, single-handedly challenged the legality of the payments.

 

source;vision1fmonline

 

Following delays in retrieving the money, Supreme Court judges unanimously granted the Attorney-General clearance to execute the court’s judgement, ordering Mr Woyome to refund the cash to the State.

More Lifestyle..

GHc51m retrieve by EOCO for GRA. GHc51m retrieve by EOCO for GRA. 2018-12-13 - The Economic and Organized Crime Office (EOCO) says it, has recovered...
Banks to be merge due to late requirement Banks to be merge due to late requirement 2018-12-12 - Within less than two weeks left to deadline set by the Bank of...
Asante Kotoko leave for Ethiopia today Asante Kotoko leave for Ethiopia today 2018-12-11 - Asante Kotoko will fly out to Ethiopia en route to Kenya today...
Under 1D1F 79 factories have been implemented so far – Akufo-Addo Under 1D1F 79 factories have been implemented so far  – Akufo-Addo 2018-12-10 - President Nana Akufo-Addo has communicate happiness about the...
Takoradi port terminal project begins in 2019 Takoradi port terminal project begins in 2019 2018-12-04 - IBISTEK Limited will in January, 2019 commence work on the development...

 

More News..

Dr Samuel Sarpong’s account freezed by gov't over GH¢10m State Housing Dr Samuel Sarpong’s account freezed by gov't over GH¢10m State Housing 2018-12-13 - Former Managing Director of the State Housing Company (SHC)under...
Evangelist Papa Shee warns false prophet in Ghana Evangelist Papa Shee warns false prophet in Ghana 2018-12-13 - Former sensational highlife musician Nana Yaw Akorsah now known...
Kufuor - RTI must not compromise National Security Kufuor - RTI must not compromise National Security 2018-12-13 - Former President John Kufuor has waded into the controversies...
Zimbabwean with 7kg cocaine at KIA has been arrested by NACOB  Zimbabwean with 7kg cocaine at KIA has been arrested by NACOB 2018-12-13 - The Narcotics Control Board (NACOB) has arrested a 30-year-old...
Am not interested to be an MP - Charlotte Osei. Am not interested to be an MP - Charlotte Osei. 2018-12-13 - Former Chairperson of the Electoral Commission, Charlotte Osei,...
Mahama goes to parliament with campaiging Mahama goes to parliament with campaiging 2018-12-12 - Former President John Dramani Mahama has taken his campaign to...
Danger ahead of elections -Afriyie Ankrah Danger ahead of elections -Afriyie Ankrah 2018-12-12 - Former Youth and Sports Minister Elvis Afriyie Ankrah says ,...