Home General News Nobody Wants To Buy Woyome’s Properties; Potential Buyers Afraid – Auctioneer

Nobody Wants To Buy Woyome’s Properties; Potential Buyers Afraid – Auctioneer

Nobody Wants To Buy Woyome’s Properties; Potential Buyers Afraid – Auctioneer

Nobody Wants To Buy Woyome’s Properties: It has emerged that the Supreme Court’s ruling for the properties of Alfred Agbesi Woyome’s to be sold has not been successful.

This is because potential buyers are reportedly afraid to purchase the properties because they feel those properties may be restored to Mr. Woyome in the future.

Minister of National Security, Albert Kan Dapaah, made this known in a letter dated March 4, 2020, and addressed to the Minister of Justice and Attorney General.

The letter made reference to the Supreme Court’s order to have the properties of Mr. Woyome auctioned to settle judgment debt.

It would be recalled that in July 2020, after three years of legal joggling over the true ownership of properties in the case involving the businessman and National Democratic Congress bankroller, Mr Woyome, the Supreme Court ordered the auctioning of the assets to defray the GH¢47.2 million debt he owes the state.

Assets in question 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 Supreme Court at the time, with Justice A. A. Bennin serving as the sole judge, held that the properties belonged to Woyome.

The Court also said that the claim by the defunct UT Bank that Mr. Woyome sold two houses at Trassaco Estate to the bank to defray his debt was a sham.

Again, the 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 by the Court in 2019.

But the National Security Minister bemoaned in his letter that “the auctioneer tasked with the auctioning the properties has indicated his inability to successfully execute the task because potential buyers are afraid amongst other reasons that the properties may be restored to Mr. Woyome by the State in the future.”

“In view of the above, it has been decided that the properties be surrendered to the State to obviate the need for an auction,” the letter added.

 


–: Daily Guide

Must Read

NDC to monitor December 7 polls with drones – Party Chairman hints

The National Democratic Congress (NDC) in the Ashanti Region would deploy drones to monitor the 2020 electoral processes to protect the ballots against attempted...

Akufo-Addo has neglected Ashanti Region – Ofosu-Ampofo

The National Chairman of the National Democratic Congress (NDC), Samuel Ofosu-Ampofo, says the Ashanti Region has seen no development under the Akufo-Addo administration, despite...

#BREAKING: 6 NDC supporters killed in a ghastly accident at…

At least six persons have been confirmed dead while several others are in critical condition after a truck carrying NDC supporters got involved in...

Dr. Bawumia Launches Free Wi-Fi For All Tertiary and Secondary Institutions

The Vice President, Dr. Mahamudu Bawumia, has commissioned the government’s flagship Free Wi-fi Project to tertiary institutions in Accra. The Tertiary Institutions project, currently anchored...

Related News

NDC to monitor December 7 polls with drones – Party Chairman hints

The National Democratic Congress (NDC) in the Ashanti Region would deploy drones to monitor the 2020 electoral processes to protect the ballots against attempted...

Akufo-Addo has neglected Ashanti Region – Ofosu-Ampofo

The National Chairman of the National Democratic Congress (NDC), Samuel Ofosu-Ampofo, says the Ashanti Region has seen no development under the Akufo-Addo administration, despite...

#BREAKING: 6 NDC supporters killed in a ghastly accident at…

At least six persons have been confirmed dead while several others are in critical condition after a truck carrying NDC supporters got involved in...

Dr. Bawumia Launches Free Wi-Fi For All Tertiary and Secondary Institutions

The Vice President, Dr. Mahamudu Bawumia, has commissioned the government’s flagship Free Wi-fi Project to tertiary institutions in Accra. The Tertiary Institutions project, currently anchored...

President Akufo-Addo commissions First ever Micro-Hydro Power Generation Station today

President Akufo-Addo commissions First ever Micro-Hydro Power Generation Station today First ever Micro-Hydro Power Generation Station: President Akufo-Addo will on Saturday (21 November) officially commission the...

LEAVE A REPLY

Please enter your comment!
Please enter your name here