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Showing posts with the label November 08

High court sets Nov 19 to decide fate of convicted IGP

An Accra High Court has set November 19, 2018, to decide the fate of the Inspector-General of Police (IGP) David Asante Appeatu for disobeying the court’s order. It will rule on an application by the government’s lawyer seeking to overturn the conviction of the number one police officer for criminal contempt. The Deputy Attorney-General, Godfred Dame, believes the trial judge committed a serious error of law because some mandatory procedures were not followed in executing the judge’s order. That order was to provide security for the execution of a court order for the eviction of police officers residing in a 12-block flat at Madina in Accra. The property belongs to two citizens, Samuel Aggrey Jnr and Augustine Gyekye. The order was a culmination of decades of legal tussle dating back to 1988, when a woman, Mrs Aggrey now deceased, sued Redco for defaulting in paying her some monies. Redco’s property is to be sold to defray the debt owed the deceased. But before this could happen,...

Compel Ibrahim Mahama to ‘vomit’ GHS350m UT loan – Receivers pray to Court

Months after MyNewsGh.com reported on how Mr Ibrahim Mahama’s companies owed UT Bank outstanding loan repayment balance of $35.7 million and GH¢189.1 million as of the time the bank’s licence was revoked in 2017, court action has been initiated by the receiver to recover the money. The licence of the UT Bank was revoked on August 1, 2017 as at which time Mr Ibrahim Mahama owed the bank in excess of 350million Ghana cedis. The companies involved are Dzata Cement Limited, $35.7 million; MBG Limited, GH¢83.1 million; Holman Brothers Limited, GH¢86.4 million, and Engineers and Planners, GH¢19.6 million. The court document said Mr Mahama was the Executive Chairman/Director of the companies, which were all registered in Ghana. The statement of claim also averred that Mr Mahama was the majority shareholder of all the four companies. The receivers aver that there have been several meetings between Mr Mahama and representatives of the four other defendants in a bid to recover the outstandi...

GNUTS LAMENTS OVER LATE PAYMENT OF LOAN BY SLTF

The Ghana National Union of Technical Students (GNUTS) have learnt with dismay the slow trick adopted by managers of the Student Loan Trust Fund to deny legitimate applicants their due. GNUTS wishes to register our disappointment in SLTF for failing to release funds to Students to enable them to pay their school fees timely. To us, SLTF, for that reason Government has entered into a contractual agreement with some Tertiary students across the Country to provide them with repayable loans to enable them to pursue their undergraduate careers in Tertiary Institutions with strict terms and conditions. The Students having gone through the laborious task of satisfying the requirements for accessing the loan facility, it remains our considered opinion that SLTF sticks to the agreement, FAILING to do amounts to a breach of contract on the part of the Student Loan Trust Fund. What amazes us is the pretentious posture of SLTF as though they are oblivious to the plight of challenges facing their...