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Supreme Court suspends ruling on disputed Woyome-UT bank properties


The Supreme Court has put on hold it’s ruling on ownership of properties worth about ¢23 million which the state contends belongs to businessman Alfred Woyome.


The state wants to use the properties to defray ¢52 million the businessman is to refund to the state after he was wrongfully paid it in 2009.

The apex court held on to its judgment after an application made by lawyers for the businessman seeking a review of a Supreme court decision that said the court could determine whether the disputed properties belong to Woyome or the defunct UT bank.

That Supreme Court decision was in December 3, 2018.

The AG had earmarked three properties for sale but receivers of defunct UT Bank rushed to court claiming ownership of residential facilities located at Trassaco Valley estates and Accra New town.

Deputy Attorney General Godfred Yeboah Dame had alleged the receivers were colluding with the businessman to prevent the state from satisfying the debt.

He insisted nine months after the bank had allegedly bought the property, the businessman used same as collateral to secure a loan in excess of GH₵9million from the bank.

Justice Benin in December 2018 set January 21 to deliver his ruling.

Counsel for the businessman Petrina Defia, however, told the court there was a pending application for review and that it was important for the court to hold on to its decision.

Justice Benin granted the request saying it was in line with the practice of the court to halt proceedings in such instances to avoid conflicting judgments on the same matter.

Source: Ghana| Myjoyonline.com|

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