Download WordPress Themes, Happy Birthday Wishes

Supreme Court rejects Woyome’s new repayment plan

A seven-member Supreme Court panel has refused a stay of execution application from businessman Alfred Agbesi Woyome on the auctioning of his properties by the state to offset his debts.

Mr.  Woyome through his lawyer Luda Addey Lawal moved the motion with an assurance to pay GHc10 million if the motion was granted.

He informed the court that he will subsequently pay GHc4 million every 90 days. He said he is committed to the new request.

The arrangement would mean the entire debt would have been cleared in about two and half years.

Opposing to the motion, Deputy Attorney General Godfred Yeboah Dame said the businessmen has failed in his previous assurances over the payments.

He argued that if interest accrues on the original GHc51.2 million debt,  he would need about four years to pay.

He said the balance of the principal sum is left with GHc46Million.

Mr Dame said the application is too late and that the state has already laid hands to some of the properties. He prayed the court to dismiss the application.

The court presided over by Justice Baffle Bonnie refused the application saying it is unmeritorious and that this was not the first time Mr Woyome had made such commitments and refused to comply.

He said the latest request when granted would be unfair to Ghanaians and therefore refused it.

Meanwhile, the latest of Woyome’s Properties at Trasacco which has been valued at GHc4.58 million has been adopted by the apex court.

About nfm


Check Also

Cement firm closed by GSA for using subpar materials; two directors detained

A cement manufacturing company in the Ashanti Region was forced to close its doors due ...