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General News of Tuesday, 22 January 2019

Source: Starrfmonline.com

Woyome stops Supreme Court ruling on his properties

The Supreme Court has suspended its ruling on a suit filed by the defunct UT Bank claiming ownership of some properties of Mr Alfred Agbesi Woyome that the state has identified to defray part of the GHc51.2 M debt paid to him.

The Single Supreme Court Judge Justice A.A Benin was expected to determine whether those properties belong to Woyome or UT Bank.

But in court today, lawyer of Mr Woyome Petrina Defia told the court that they have filed a review application against the court’s decision earlier on December 3, 2018.

The court on that day refused an objection from Counsel for Woyome which argued that the case ought to have started at the High Court so that the losing party could have the right of appeal.

DAILY HERITAGE Court Correspondent Muntalla Inusah who was in court reported that even though the Deputy Attorney General Godfred Yeboah Dame argued that the said application to arrest the expected court ruling was filed out of time, the court held that, it would be for the review panel to determine.

Justice Benin, however, suspended his ruling and all other processes on the matter till the 3-member review panel dealt with the latest application.

Case adjourned sine die.

Background

The State identified five substantial properties supposedly owned by Mr Woyome estimated at $1.5million each that could prove vital in retrieving the GH¢51.2 million judgement debt he received from the state.

However, non-existing UT Bank claimed that some of the properties identified by the State are theirs.

The properties in dispute include two executive buildings located at Trassaco, a suburb in Accra and a mining quarry in the Eastern Region of Ghana.

It is the claim of lawyers of the defunct UT bank that Woyome, used the said properties as collateral for loans at the bank which he failed to pay back.

Ownership of the properties according to UT bank, based on the failure to pay back the loans transferred to the bank.

The State intends to sell the properties to offset the over GH¢51million wrongfully paid to the Woyome.