News

Give me 3 yrs to pay back money – Woyome begs court

Alfred Agbesi Woyo
Alfred Agbesi Woyo

Embattled businessman Alfred Agbesi Woyome has pleaded with the Supreme Court to give him a period of 3 years to pay back the GHȻ51.2 million judgment debt paid to him by the state.

According to Mr. Woyome, he would want to pay back the money in installment starting with GHȻ8 million to be paid by the end of April 2016. The remaining amount he pleads should be spread for him to pay within 36 months to be paid quarterly.

The Supreme Court however cautioned Mr. Woyome, to take the court serious after it dismissed his latest application seeking a stay of execution to allow him to pay the GHȻ51.2 million, while he heads to the International Chamber of Commerce (ICC).

The court, however, took exception to the fact that while Mr Ken Anku, counsel for Mr Woyome, had told the media that he was heading to the ICC for arbitration, at the same time, he was in the court seeking to tie the hands of the Attorney-General (A-G) to prevent it from attaching his properties because his client wanted to renegotiate the terms of payment.

Mr. Woyome had decided to go for an international arbitration with regards to the GH¢51.2 million judgment debt which the Supreme Court asked him to refund.

He gave the hint in February after the Supreme Court dismissed an application by one Abdulai Yusif Fanash Muhammed,who had filed an application to contest the Supreme Court’s ruling on the matter.

Muhammed had prayed the court to declare that the financial engineering claims by Mr Woyome arising out of the tender bid by Vamed Engineering GmbH/Waterville Holdings during the procurement process in June 2005 until its wrongful abrogation in August 2005, was not an international business transaction within the meaning of Article 181 of the 1992 Constitution.

According to counsel for Mr Woyome, Ken Anku even though Muhammed’s case would have inured to the benefit of Mr. Woyome, he was not the one who initiated it contrary to arguments that the suit by Muhammed was spearheaded by Mr.Woyome.

By: tv3network.com with additions from Daily Graphic.
Twitter: @newsontv3

Leave a comment below
Show More

Related Articles

Leave a Reply

Your email address will not be published.

Close