Alfred Agbesi Woyome<\/strong><\/p>\nThe Supreme
\nCourt has ordered the state to go ahead and sell four properties of beleaguered
\nbusinessman and National Democratic Congress (NDC) financier, Alfred Agbesi Woyome,
\nto defray the GH\u00a251.2 million he fraudulently received as judgment debt.<\/p>\n
This was after
\nthe court found that claims by defunct UT Bank that the properties belonged to
\nthem was \u201ca sham\u201d and a \u201ccollusion to hide the properties.\u201d<\/p>\n
They include
\nthree residential properties \u2013 two at the plush Trassaco Valley in Accra and
\none at Kpehe in Accra Newtown, as well as a quarry at Mamfe in the Eastern
\nRegion.<\/p>\n
The properties
\naccording to Deputy Attorney General, Godfred Yeboah Dame, are estimated to
\ncost over GH\u00a220 million.<\/p>\n
Possible Prosecution<\/strong><\/p>\nAfter the
\nproceeding, Deputy Attorney General, Godfred Yeboah Dame, said the judgment was
\nclear on the fact \u201cWoyome attempted to collude with a bank to prevent the
\nexecution of the government against him.\u201d<\/p>\n
\u201cTo me, it\u2019s an
\nact that the state can take him on in terms of criminal prosecution and what
\nhave you. Clearly, this is something that I will consider prosecuting him for,\u201d
\nMr. Dame said.<\/p>\n
Identified Properties<\/strong><\/p>\nThe state in its
\nefforts to recover the GH\u00a251.2 million the
\nNDC financier fraudulently received as judgment debt, identified five
\nproperties belonging to Mr. Woyome each worth about $1.5 million.<\/p>\n
However, moves
\nby the state to confiscate the properties were truncated by claims by the defunct
\nUT Bank that it acquired the properties from Mr. Woyome on April 5, 2013 and
\nMay 13, 2014, respectively.<\/p>\n
The receiver of
\nthe bank, Eric Nana Nipa, in his witness statement to the Supreme Court, had
\nsaid that the property at Accra Newtown was used by the businessman as
\ncollateral to secure a loan in excess of GH\u00a29 million from the bank.<\/p>\n
He claimed that
\nMr. Woyome\u2019s company is yet to repay the money, thereby making it difficult for
\nthe bank to pay its depositors and other creditors.<\/p>\n
In respective of
\nthe quarry, Anator Holdings Company Limited had claimed that Woyome, who is the
\nExecutive Chairman of the firm, had released some landed properties of the
\nquarry to the company to be used as collateral for a loan from UT Bank hence it
\ncannot be confiscated by the state. <\/p>\n
They also
\nclaimed that Woyome had transferred all shares in the company to Anator
\nHoldings Limited.<\/p>\n
AG\u2019s Input<\/strong><\/p>\nHowever, the
\nstate represented by Deputy Attorney General, Mr. Dame, accused Mr. Woyome and
\nthe bank of colluding to frustrate the state in its efforts to retrieve the
\nmoney wrongly paid to the businessman.<\/p>\n
According to the
\nstate, the residential properties and others identified belong to Mr. Woyome
\nand the bank has no document to prove that it acquired the properties and
\nothers were used as collateral for loans.<\/p>\n
Ruling <\/strong><\/p>\nThe Supreme Court
\npresided over by a sole judge, Justice Alfred A. Benin,\u00a0 found out that the property was not sold to
\nUT Bank and held that the claim was a sham and a clear case of collusion to
\nhide the properties.<\/p>\n
In respect of
\nthe quarry and its landed properties, the court found there was no evidence to
\nshow that Woyome had indeed transferred all his shares in the company.<\/p>\n
It was the view
\nof Justice Benin that the company is wholly owned by Mr. Woyome hence falls
\nunder the liable properties considered for confiscation.<\/p>\n
He subsequently
\nordered the state to sell the three residential properties as well as the
\nquarry.<\/p>\n
The court
\nawarded a total cost of GH\u00a2120,000 \u2013 GH\u00a260,000 each against UT Bank and Anator
\nHoldings in favour of the state.<\/p>\n
Quick Auction<\/strong><\/p>\nSpeaking to
\nreporters after the court\u2019s ruling, the Deputy Attorney General stated that the
\nstate would by next week take steps to auction the properties to retrieve the
\nmoney for the state.<\/p>\n
Mr. Dame said
\nthe ruling affirms accountability and the rule of law \u201cthat indeed you cannot
\ndeprive the state of funds and then resort to all manner of tactics just to
\navoid the satisfaction of judgment debt given against you.\u201d<\/p>\n
Mr. Woyome, in
\n2010, was charged with two counts of causing financial loss to the state and
\ndefrauding by false pretences.<\/p>\n
He was, however, discharged by an Accra High Court in 2015 by the disgraced Justice John Ajet-Naam, who was caught in the Anas Aremeyaw Anas bribery and corruption scandal that rocked the Judiciary.<\/p>\n
BY Gibril Abdul Razak<\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"Alfred Agbesi Woyome The Supreme Court has ordered the state to go ahead and sell four properties of beleaguered businessman and National Democratic Congress (NDC) financier, Alfred Agbesi Woyome, to defray the GH\u00a251.2 million he fraudulently received as judgment debt. This was after the court found that claims by defunct UT Bank that the properties […]<\/p>\n","protected":false},"author":1,"featured_media":646733,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-646732","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politics"],"yoast_head":"\n
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This was after the court found that claims by defunct UT Bank that the properties […]\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/06\\\/28\\\/woyome-hot-sc-orders-sale-of-houses\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/06\\\/28\\\/woyome-hot-sc-orders-sale-of-houses\\\/\"},\"author\":{\"name\":\"Ghana News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2019\\\/#\\\/schema\\\/person\\\/53d06a757a4242f113d200e3c290c036\"},\"headline\":\"Woyome Hot! 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