Woyome puts an end to the Supreme Court's decision on its properties

General News on Tuesday, January 22, 2019

Source: Starrfmonline.com

2019-01-22

The Supreme Court suspended its decision on a lawsuit filed by the defunct UT Bank, claiming ownership of certain properties of Mr. Alfred Agbesi Woyome, identified by the State to pay part of the debt that had been paid.

The Supreme Court judge, A.A. Benin, had to determine whether these properties belonged to Woyome or UT Bank.

But in court, Woyome Petrina Defia's lawyer told the court that he had filed a motion for reconsideration of the court's decision on December 3, 2018.

On that day, the court refused the objection of Woyome's attorney who argued that the case should have been commenced in the High Court so that the losing party could appeal.

DAILY HERITAGE, Court Correspondent, Muntalla Inusah, who appeared before the Court, stated that, although Deputy Attorney General Godfred Yeboah Dame had argued that the said request for the arrest of the expected court decision had been filed late , the court would have ruled that determine.

The Benin judge, however, suspended his decision and all other processes in this matter until the three-member review panel dealt with the last request.

Case adjourned sine die.

Context

The state has identified five alleged properties owned by Mr. Woyome, valued at $ 1.5 million each, that could prove essential to recover the 51.2 million GH ¢ judgment debt. He received from the state.

However, the non-existent UT bank claimed that some of the properties identified by the state belonged to them.

The properties in dispute include two executive buildings located in Trbadaco, a suburb in Accra and a mining quarry in the eastern region of Ghana.

Lawyers for the defunct UT bank claim that Woyome used the properties as collateral for loans from the bank, which he did not repay.

Ownership of properties according to bank UT, on the basis of default of repayment of loans transferred to the bank.

The state intends to sell the properties to offset the 51 million GH ¢ unjustifiably paid to the Woyome.