Re: Robbery At State Housing Company

My Minister�s Attention has been drawn to an online publication on Peacefmonline.com source from a Newspaper, the National Forum captioned �Robbery at State Housing Company� on the Sale of the State Housing Company (SHC) Guest House at Cape Coast to a member of the Board of Directors of the State Housing Company. The Minister has also studied a report he asked the Managing Director of SHC to submit to him on the above subject. The Minister is unable to agree with the MD that the sale of the Guest House in question to the Member of the Board is justified. The Minister acknowledges that the SHC is a limited liability Company and it is governed by the Company�s code but it also has to be noted that the SHC, is a Company in which Government has 100% shares and accordingly its do�s and don�ts should be guided by the general public interest. The Minister observes that the whole transactions smacks of conflicts of interest on the part of the Board Member and has directed that the whole transaction should be aborted immediately. Finally, the Minister has asked the MD of SHC to show evidence within one week that the transaction has been aborted. Alhaji Ziblim Yakubu Water Resource Works and Housing Ministry