Receivers of defunct UT Bank have sued businessman, Alfred Woyome, over unpaid loans worth over nine million cedis.
Mr. Woyome is being dragged to the High Court along with his company; Anator Quarry Company Ltd and Anator Holding Company.
The plaintiffs, Vish Ashiagbor and Eric Nana Nipah, want the Court to cause Anator Quarry Company Ltd. to refund the sum of GHc9,461,505.81, being the total value of loans granted the company in May 2014.
One Dr. Michael Kofi Amedi of the 37 Military Hospital has also been joined to the suit.
Mr. Woyome and Dr. Amedi were also accused of fraud because of the breach of a personal guarantee on the loans given by the bank which collapsed in August 2017.
The receivers want the debt paid at a “contractual interest rate of 5% per month, from May 13, 2014, to the date of final payment,” according to the writ sighted by Citi News.
They also want the court to order a judicial sale of the various properties connected to the defendants to cover the GHc9,461,505.81 loan.
The receivers are seeking further damages for the breach of contract on the part of Anator Quarry Company Ltd and “damages for breach of the director’s personal guarantee.”
An investigative report into the collapse of defunct UT Bank revealed a swathe of non-performing loans.
The report noted that several loan facilities exceeded the prescribed single obligor limit.
The CEO of Engineers and Planners (E&P), Ibrahim Mahama, had to refute allegations that the non-payment of a GHc302,000,000 loan facility granted to four companies reported to be his, resulted in the collapse of defunct UT Bank.
Owners of Lushann International Energy Ghana Limited, operators of the Saltpond Oilfields have also disputed a GHc 84.1 million debt attributed to them by the defunct UT Bank.
Source: citinewsroom.com
