Tamale High Court orders seizrs of African European Textiles Ltd

By: Saaka Alhassan, Tamale.

The Tamale High Court has ordered the seizer of properties belonging to African European Textiles Ltd, for owing, one Abdul-Manan Abubakari, a businessman to a tune of over eight hundred thousand Ghana cedis (GH¢800,000).

The plaintiff, Abdul-Manan file a writ at the Tamale High Court demanding payment of construction material supplied to African European Textiles Ltd.

He said the company flouted an earlier agreement to pay the money within three months.

Upon reading the affidavit of the plaintiff on August 1, 2016, the court presided over by Justice Daniel K Obeng, ordered that the plaintiff takes possession of African European Textiles Ltd Cotton Ginnery and all the fixtures and fittings therein.

The Plaintiff who earlier today in the company of the police took over the property.

Speaking to Fiila News, Alhaji Abdul-Manan Abubakari said he supplied him steel and other building materials but has since failed to pay the money after an agreed period of three months had elapsed.

He said the defendant thus African European Textiles Ltd is adopting different tactics to stop the court orders.

But in an interview with the managing director of African European Textiles Ltd, Ramirez Hamadeh said they never refuse to pay but it was due to some bureaucratic process impeding the process.

He also rejected claims that the court has ordered for the seizer of all belongs of the company.

He explained that the orders of the court is limited to the Cotton Ginnery and all the fixtures and fittings therein and not all properties of the company.

He also accused the plaintiff of harassment and verbal attacks.

Meanwhile, speaking via skype in the Netherlands, the Investor and Chairman of board of Directors of the company, Gerald Michael Maria said even though the contract period has elapse they have agreed to pay the money in trenches where the first trench of 20,000 Ghana cedis has since been paid.

He assured that the other trenches will be paid by Friday and Monday.

He however attributed the delay to the banking system saying they are being careful not to flout the Bank of Ghana rules in transfers of monies from one country to the other.






































Saaka Alhassan
News Editor
Fiila Fm
Post Office Box 1216TL
Tamale - Ghana
+233 206502343 / +233 260969214
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