The ability of the State to retrieve the GH¢51.2 million judgement debt paid to the businessman, Mr Alfred Agbesi Woyome, will be tested when the Supreme Court, on June 27, 2017, rules on the ownership of three properties that the State claims belong to the businessman.
The three properties under contention are two residential properties at Trasacco in Accra and a quarry located in the Eastern Region.
A team of State prosecutors, led by a Deputy Attorney-General (A-G), Mr Godfred Yeboah Dame, insists that the said properties belong to Mr Woyome and, therefore, the State can sell them to offset the debt owed by the businessman, but two entities — the erstwhile UT Bank and Anator Holdings Company — are, respectively, claiming ownership of the residential properties and the quarry.
Ownership dispute
The UT Bank, in April 2016, claimed ownership of the two properties at Trasacco in Accra when the State attempted to sell them to defray Mr Woyome’s debt.
The effect of the claim is that the State cannot sell those properties until it is proved that the bank’s claim is false.
Anator Holdings, on the other hand, claims that it owns the quarry which the State says belongs to Mr Woyome.
The UT Bank, substituted by its receivers, and Anator Holdings have filed different processes seeking an order from the court to stop the A-G from including the two residential buildings and the quarry in the list of the businessman’s properties which the State wants to sell.
The apex court, presided over by a single judge, Mr Justice Anthony A. Benin, will, on June 27, 2019, give a ruling on the two legal actions.
Source: graphic.com.gh
