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General News of Thursday, July 25, 2019
Source: Myjoyonline.com
2019-07-25
Businessman, Alfred Woyome
In a unanimous decision, the Supreme Court set at 11.7 million ¢ the minimum value of two property owned by businessman, Alfred Woyome.
A third property must be badessed by the Land Appraisal Board and the report must be submitted to the court no later than August 30th.
Last month, the Supreme Court ordered the sale of Mr. Woyome's badets in order to repay the $ 47.2 million debt he owed to the state.
Assets for sale include two Trbadaco estate mansions, a house in Kpehe where he resides, an office complex of Anator Holdings, a residential building in Abelemkpe and a stone quarry in the eastern region, including his facilities and its equipment.
The court, with sole judge AA Bennin, ruled that the property belonged to Woyome and that UT bank's claim that the businessman had sold to the bank two houses located in the Trbadaco estate Estate to pay his debt was a sham.
In one petition, the Attorney General's office had urged the court to adopt 14 14.9 million as a minimum value for three properties.
However, the businessman's lawyers filed a response contesting the values provided by the Land Commission.
Deputy Attorney General, Lady Godfred Yeboah, on Thursday asked the Court to adopt the figures provided by the businessman, saying that they were not quite different from those of the Territorial Commission.
But the businessman's lawyers had not submitted any value for the third property, leaving it to the Supreme Court to order it again.
The case was sent back to 16 October.
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