You are here: HomeNews2003 11 11Article 46485

General News of Tuesday, 11 November 2003

Source: Statesman

Search For Blay-Miezah's Billions Go On

A group of multi-billion dollar hunters led by Mrs Joyce Blay-Miezah, the widow of the late Dr John Blay- Miezah have allegedly spent several weeks in Zurich, Switzerland in the hope of unlocking and bringing home Blay-Miezah’s mystery billions which have been “conservatively” estimated to be $46 billion.

The group, numbering about ten in all, includes Kwadwo Erskine, an Accra based lawyer; Francis Kaku Mensah of Tema (who represents the late Dr Ako Adjei); Bob Ellis, an American ex-convict and former associate of the flamboyant Blay-Miezah; Joe Anumel, nephew of CPP stalwart, Kojo Botsio and Danny Mattioni, a Philadelphian Attorney.

The Statesman newspaper quotes its sources in Switzerland as saying that although the Joyce Blay-Miezah group has been given some hint that there are probably funds belonging to the Oman Ghana Trust, the group has just been running around the Banhofstrasse 47 headquarters of UBS, without making any meaningful progress through the bank’s doors.

An estimated $700,000 is said to have been spent by the group, mainly on hotel bills, transport and food, and petty administrative expenses.

When the Statesman contacted Accra-based Gregory Frazier, he confirmed, “they’ve spent almost $700,000. Wasted! Because they do not know what they’re doing. The Swiss are just subjecting Joyce and his group to Chinese torture. They can never find the money without support from the Ghana Government”.

While Frazier claims that a top government official at the Ministry of Finance returned from Zurich last month convinced that the money might not be a phantom after all, government after government have gotten their fingers burnt chasing Blay Miezah’s ‘billions’. Frazier who was the Co-coordinator of the Oman Ghana Trust Holdings Ltd insists that the money is indeed stashed in the Swiss Bank.