The Deputy Attorney General, Mr. Godfred Yeboah Dame has said that the deed of mortgage in which Mr. Woyome is purported to have taken a loan and used two properties at Trassaco Valley as security, is an instrument of deceit.
According to the State Prosecutor, there were no genuine mortgages with the two properties, and that is why there has not been any attempt made by the Receiver, to recover the properties after Mr Woyome could not pay back the alleged loan.
The Witness responded by saying that as Receivers, Price Waterhouse Coopers has referred the matter to an external solicitor for the recovery of the assets.
The Deputy Attorney General put it to the Witness that the deed of mortgage has not been registered, and the Witness responded by saying that the deed did not appear to be registered.
The Witness agreed with Mr. Dame during cross examination, that the deed of mortgage has not been stamped by the Lands Commission.
The Receiver of defunct U.T Bank has claimed ownership of five properties that were owned by Mr. Alfred Woyome: two Trassaco Valley properties, one at Kpehe New Town, a quarry at Volta Region, and an East Legon residence.
It is the case of the State that the two properties at Trassaco Valley, that were allegedly sold to the defunct U.T Bank in the year 2013, were allegedly used as collateral for a loan taken by Mr. Woyome from the bank in the year 2014.
The Receiver, represented by Mr. Eric Nana Nipa said on the contrary that the two Trassaco Valley properties labelled plot 260 and 267 were different from the two other properties at Trassaco Valley purported to be used as security for the loan.
” I don’t know what those two properties are, because they have been vaguely described but what is clear is that they do not refer to plot 267 and 260″, he said.
He explained that at the time of the loan, the properties plot 260 and 267 were owned by defunct U.T Bank and he has not come across any transaction, consequent to the sale of plot 260 and 267, which transferred back to Mr. Woyome from U.T Bank, ownership to the two properties.
The Court presided over by His Lordship Justice Anthony Alfred Benin has adjourned the case to Monday, 29th October, 2018.
Source: GhanaJustice/F.Kyeremateng
