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Supreme Court orders sale of Woyome’s assets
NEWS | GACC News

Three years of legal joggling over the true ownership of properties in the case involving the businessman, Mr Alfred Agbesi Woyome, was settled on Thursday when the Supreme Court ordered the sale of the assets to defray the GH¢47.2 million debt he owes the state.

 
Assets to be sold include two mansions at Trassaco Estate, a house at Kpehe where he resides, an office complex of Anator Holdings, residential building at Abelemkpe and a stone quarry in the Eastern Region including its plants and equipment.
 
The court, with Mr Justice A. A. Bennin as the sole judge, held that the properties belonged to Woyome and that the claim by UT Bank that the businessman sold two houses at Trassaco Estate to the bank to defray his debt was a sham. 

Again, the apex court held that Woyome’s quarry was not used as collateral, as he and the bank claimed.

Costs of GH¢60,000 was awarded against UT Bank and Woyome.

Mr Woyome refunded GH¢4 million in November 2016 and promised to pay the outstanding balance by quarterly instalments of GH¢5 million, commencing April 1, 2017, but he failed to fulfil the pledge.

 


Source: https://www.graphic.com.gh/news/general-news/supreme-court-orders-sale-of-woyome-s-assets.html

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