Prime News Ghana

Court closes down Odike shops over GH¢404,000 debt

Mr Akwasi Addae aka Odike
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Customers of Odike Ventures, a popular fashion shop in Adum, Kumasi, belonging to founder of the United People's Party (UPP), Akwasi Addae 'Odike' were left disappointed on Monday morning when their shopping was ended abruptly following a court order for the closure of the shop and other businesses belonging to the controversial  politician.

Mr. Addae, Flagbearer of the  United Front Party (UFP) in the 2012 general elections, sold a house at Patase, a suburb of Kumasi, to Mr. Solomon Autel at the cost of two hundred and three thousand cedis (GHc203,000) sometime in 2011, which the complainant  paid for, but never received the documents to the building.

The said building, it was discovered, had been used by Odike as collateral for a loan he acquired from Ecobank and thus could not provide the papers for the buyer when he finished paying the amount agreed.

A few months ago, the Commercial High Court in Kumsai presided over by Justice Obeng Diawuo’s court ruled in favour of the gold dealer, ordering Odike to honour the debt before his properties are seized and sold to defray the 404,000 Ghana cedis debt, which includes accumulated interest, but the politician who according to The Chronicle owes GHc180,000 at Ecobank has failed to do so.