The Supreme Court has adjourned the judgement debt case involving business man, Mr. Alfred Agbesi Woyome due to the absence of the Receiver of defunct UT Bank.
The Supreme Court at the last adjourned date ordered the filing of documents in substantiation of the case by UT Bank that they own five properties that were attached in execution of judgment: two Trassaco properties, one at Kpehe, Newtown, a quarry in the Volta Region, and an East Legon residence, and the State respond to them.
The Court presided over by His Lordship Justice Anthony Alfred Benin also ordered the Receiver, Price Waterhouse Coopers, to come along with their witness for cross examination, but Counsel for the Receiver said that he was not aware of the order and sought an adjournment, claiming that his witness was out of the jurisdiction.
The Court adjourned the case to Monday, 22nd October, 2018, and decided to hear the case every Monday for speedy proceedings.
In an interview with ghanajustice.com, the Deputy Attorney General, Mr. Godfred Yeboah Dame who is representing the State, said that he perused the documents presented by the Receiver and realised that the evidence is intentioned to deprive the state the opportunity of retrieving the judgement debt.
“If you look at the document filed by U.T Bank it is ridiculous.
UT Bank claims to have bought a property from them in 2013, but on record is evidence of a loan that Woyome had allegedly taken from U.T Bank in 2014 and Woyome had used the same property that he had allegedly sold to U.T Bank in 2013, as collateral for the said loan”, he said.
Mr. Yeboah Dame has said that the process filed by the defunct UT Bank has boosted his confidence in retrieving the judgement debt.
“Per what is stated in the documents presented to the Court by UT Bank, each of the properties is valued at about 1.5 million dollars so we can realise some substantial part of the debt”, he concluded.
So far the State has been able to recover 4 million Ghana Cedis, out of the 51.2 million Ghana Cedis judgement debt.
Source: GhanaJustice/F.Kyeremateng
