Connect with us

Moves by the Attorney-General’s (A-G’s) Department to sell businessman Alfred Agbesi Woyome’s properties to defray a GH¢51.2 million judgement debt has taken a new turn, with the UT Bank claiming ownership of two of those properties.

The Manet Towers branch of UT Bank is claiming two residential properties at Trasacco in Accra, Daily Graphic has learnt.

Lawyers for UT Bank, Manet Towers, Airport City, Archer, Archer and Co., have filed a notice of claim at the High Court for the properties.

They have since served notice on the A-G’s Department.

The effect of this latest development is that the state cannot sell those properties until it is proved that the bank’s claim is false.

A source at the A-G’s Department told the Daily Graphic that the state would contest the claim.

“We are definitely contesting the claim. They have to prove ownership,” the source said in an interview yesterday.

That, meanwhile, is not preventing the state from pursuing other properties belonging to the businessman


The Supreme Court, on July 29, 2014, ordered Woyome to refund GH¢51.2 million to the state on the grounds that he got the money out of unconstitutional and invalid contracts between the state and Waterville Holdings Limited in 2006 for the construction of stadia for CAN 2008.

Woyome has gone to the International Court of Arbitration to contest the court’s decision.

He served notice after reneging on his promise to the Supreme Court to pay the money by the end of December 2015.

On March 1, 2016, Woyome prayed the court to give him three years to pay back the money but the court declined to grant his wish.

The court had in the 2014 review decision, held that the contracts upon which Woyome made and received the claim were in contravention of Article 181 (5) of the 1992 Constitution of Ghana, which requires such contracts to be laid before and approved by Parliament.

The 11-member court, presided over by the Chief Justice, Mrs Justice Georgina Theodora Wood, was ruling on a review application filed by a former Attorney-General and Minister of Justice, Mr Martin Amidu, who brought the initial action praying the court to order Woyome to pay the money.

June 14, 2013 judgement

The court had on June 14, 2013 directed the international construction firm Waterville Holdings Limited (BVI) to refund all the money paid to it by the Ghana government on the premise that it had no valid and constitutional contractual agreement with the government.

Waterville is expected to refund more than 25 million euros it received from the government following the court’s judgement that the said contract it entered into with the government for stadia construction for CAN 2008 was unconstitutional.

That was because it had contravened Article 181 (5) of the 1992 Constitution, which required such contracts to go to Parliament for approval.

A former Attorney-General, Mr Martin Amidu, had, in the original suit, prayed the court to order Woyome to refund the money he had received as a result of the void contract the government had entered into with Waterville Holdings.

But the court declined jurisdiction over the issue, with the reason that the Attorney-General was pursuing the matter at the Commercial Court to retrieve the money. But the court reversed its position on July 29, 2014 and thus quashed all processes at the Commercial Court.

Contract null and void

In the Waterville judgement, the court declared as null and void and of no operative effect a contract titled: “Contract for the Rehabilitation (Design, Construction, Fixtures, Fittings and Equipment) of a 40,000 Seating Capacity Baba Yara Sports Stadium in Kumasi, Ghana” entered into between the Republic of Ghana and Waterville Holdings (BVI) Limited of P.O. Box 3444, Road Town, Tortola, British Virgin Islands, on April 26, 2006.

Criminal case

Meanwhile, Woyome walked out of the premises of the Court of Appeal a free man on March 10, 2016 after the court exonerated him from the charge of causing financial loss to the state in the controversial GH¢51.2 million judgement debt paid to him by the state.

He escaped prison for the second time in a year after the court, in a unanimous decision, declined to grant the state’s prayer for the overturn of his acquittal and discharge granted by the High Court on March 12, 2015.

The High Court, presided over by Mr Justice John Ajet-Nasam, had acquitted and discharged Woyome on two counts of defrauding by false pretences, contrary to Section 131 (1) of the Criminal Offences Act (1960), Act 29, and causing financial loss to the State, contrary to Section 179 A (3) (a) of the Criminal Offences Act (1960), Act 29.

But the state appealed on the grounds that the trial judge erred in law in not considering the evidence adduced by the prosecution.

However, the Court of Appeal held a different position and freed him again

Source :

Graphic Online

I am an Article writer,Promoter Publicist & Dj. I love listening to music & playing of Games.I have high sense of humor

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply


BREAKING NEWS: BoG takes over Unibank



The Bank of Ghana has announced it has taken over the management of private bank, Unibank.

The Governor of the central bank explained at a press conference, the takeover is due to challenges facing the bank. He mentioned weak supervisory standards and weak operations as the cause of the challenges.

Ernest Addison said the bank, adjudged the 6thbest performing company in Ghana at the Ghana Club 100 awards in 2017, provided inaccurate data during the central bank’s effort to resolve the problems last year.

He assured depositors their money is safe, stressing “we are not liquidating the bank, we are saving it.”

The take-over comes weeks after Unibank announced it was taking over adb.
The top management of Unibank are Dr. Kwabena Duffuor II who is Chief Executive Officer, Ekow Nyarko Dadzie-Dennis Chief Operating Officer, Executive Director Owusu-Ansah Awere, Executive Clifford Duke Mettle, Director of Risk Management Kwesi Nkrumah Pimpah.

Photo: CEO Kwabena Duffour II was awarded the most enterprising young executive award in 2017.
The bank’s company secretary is Sylvia Assimeng-Archer, Executive Head of Treasury and Global Trade John Collins Arthur, Executive Head of Corporate Banking Elsie Dansoa Kyereh and Executive Head of Innovations and Business Execution Florence Ohene.

This executive management are expected to give way to new control, KPMG appointed by the central bank.

The bank was founded in 1997 by Kwabena Duffour who later became Finance minister under the Mills administration.
But after 20 years of private management, Kwabena Duffour who is a former Governor of the Bank of Ghana loses control of unibank to his former employers.

Continue Reading

Most Popular