Prime News Ghana

Kan Dapaah explains why there are no buyers for Woyome's properties

By Mutala Yakubu
Alfred Woyome
Alfred Woyome
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The Ministry for National Security has written to the Attorney General explaining why the state is struggling to sell off some properties belonging to businessman, Alfred Woyome.

In a letter signed by the National Security Minister, Albert Kan Dapaah and addressed to the Attorney General, the National Security Ministry explained that there is a difficulty the auctioneer was facing in selling the properties so it must be transferred to the State.

Mr Kan Dapaah explained potential buyers are shying away due to fears it might be reclaimed if there is a change of government.

The properties which include a number of houses located at Trassaco and other areas are to be sold on the orders of the Supreme Court to offset the GHS51 million Alfred Woyome owes the state.

READ ALSO: Supreme Court pegs Woyome's properties at ¢11m

On July 29, 2014, the Supreme Court ordered Woyome to refund the GHS51.2 million on the basis that the manner in which Woyome obtained the money from the state was unconstitutional.

The Supreme Court gave the Attorney General permission to sell properties belonging to Mr. Woyome to offset part of the GH¢47.2 million he owes the state.

Following delays in retrieving the money, the Supreme Court judges unanimously granted the Attorney-General clearance to execute the court’s judgment ordering Mr. Woyome to refund the cash to the state.

The ruling followed claims made by the Receivers of defunct UT Bank that some of the properties identified by the State for sale was theirs.

According to the lawyers of the defunct UT Bank, Mr. Woyome used the said properties as collateral for loans at the bank which he failed to pay back.