{"id":13176,"date":"2018-11-14T16:53:46","date_gmt":"2018-11-14T16:53:46","guid":{"rendered":"https:\/\/www.kumasionlinegh.com\/?p=13176"},"modified":"2018-11-14T16:54:58","modified_gmt":"2018-11-14T16:54:58","slug":"ut-bank-receivers-sue-woyome-over-ghc9-4m-debt","status":"publish","type":"post","link":"https:\/\/www.kumasionlinetv.com\/?p=13176","title":{"rendered":"UT Bank receivers sue Woyome over GHc9.4m debt"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-13177\" src=\"https:\/\/www.kumasionlinegh.com\/wp-content\/uploads\/2018\/11\/alfred_woyome.jpg\" alt=\"\" width=\"660\" height=\"421\" srcset=\"https:\/\/www.kumasionlinetv.com\/wp-content\/uploads\/2018\/11\/alfred_woyome.jpg 660w, https:\/\/www.kumasionlinetv.com\/wp-content\/uploads\/2018\/11\/alfred_woyome-410x262.jpg 410w\" sizes=\"auto, (max-width: 660px) 100vw, 660px\" \/><\/p>\n<p>Receivers of defunct UT Bank have sued businessman, Alfred Woyome, over unpaid loans worth over nine million cedis.<\/p>\n<p>Mr. Woyome is being dragged to the High Court along with his company; Anator Quarry Company Ltd and Anator\u00a0Holding Company.<\/p>\n<p>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.<\/p>\n<p>One Dr. Michael Kofi Amedi of the 37 Military Hospital has also been joined to the suit.<\/p>\n<p>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.<\/p>\n<p>The receivers want the debt paid at a \u201ccontractual interest rate of 5% per month, from May 13, 2014, to the date of final payment,\u201d according to the writ sighted by\u00a0Citi News.<\/p>\n<p>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.<\/p>\n<p>The receivers are seeking further damages for the breach of contract on the part of Anator Quarry Company Ltd and \u201cdamages for breach of the director\u2019s personal guarantee.\u201d<\/p>\n<p>An investigative report into the\u00a0collapse of defunct UT Bank\u00a0revealed\u00a0<strong><a href=\"https:\/\/citinewsroom.com\/2018\/08\/10\/banking-crisis-unlawful-loans-sunk-ut-bank-report\/\">a swathe of non-performing loans.<\/a><\/strong><\/p>\n<p>The report noted that several loan facilities exceeded the prescribed single obligor limit.<\/p>\n<p>The CEO of Engineers and Planners (E&amp;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.<\/p>\n<p>Owners of Lushann International Energy Ghana Limited, operators of the Saltpond Oilfields have also\u00a0<strong><a href=\"https:\/\/citinewsroom.com\/2018\/08\/27\/quincy-sintim-denies-owing-ut-bank-gh%C2%A284-1m\/\">disputed a GHc 84.1 million debt<\/a><\/strong>\u00a0attributed to them by the defunct UT Bank.<\/p>\n<p>&nbsp;<\/p>\n<p>Source: citinewsroom.com<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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\u00a0Holding Company. The plaintiffs, Vish Ashiagbor and Eric Nana Nipah, want the Court to cause Anator Quarry Company Ltd. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":13177,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"iawp_total_views":0,"footnotes":""},"categories":[41],"tags":[],"class_list":["post-13176","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>UT Bank receivers sue Woyome over GHc9.4m debt - Kumasi Online TV<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.kumasionlinetv.com\/?p=13176\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UT Bank receivers sue Woyome over GHc9.4m debt - Kumasi Online TV\" \/>\n<meta property=\"og:description\" content=\"Receivers of defunct UT Bank have sued businessman, Alfred Woyome, over unpaid loans worth over nine million cedis. 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