Storm Over �36bn Judgement Debt Payment

THE EXECUTIVE Secretary of the Divestiture Implementation Committee (DIC), Asakkua Agambila, has appealed to the Judgment Debt Commission to invite the Confiscated Assets Committee to help enquire into the over GH�3.4 million judgment debt obtained by one Nana Emmanuel Woode against the state in 2006. Nana Woode�s companies, Holex Ghana Limited and Priorities Ghana Limited, located at Akim Oda, were reportedly confiscated by the state, and as a result, he proceeded to court to obtain a huge judgment debt. Mr. Agambila maintained that his outfit was not aware of the matter and the judgment, since the confiscation was not done by them, and that the DIC was not consulted before the decision for payment was done. He said the companies had never been subjects of the DIC, and had never been listed for divestiture. �We would think that at the time the companies were confiscated in those circumstances, it was most likely that they would be handed over to the Confiscated Assets Committee, and not DIC.� He revealed that the Confiscated Assets Committee was still alive and still operating, with an office at the Castle. Hear him: �We believe that they would be of assistance to this Commission in finding out what happened to these companies, but as far as [the] DIC is concerned, they were not forwarded to us or listed for divestiture.� When quizzed by the Lead Counsel for the Commission, Dometi Kofi Sorkpor, as to whether he knew Nana Woode, the owner of Holex Ghana Limited and Priorities Ghana Limited, he answered in the negative. He insisted that DIC was not aware of such a payment, since the companies were never handed over to the DIC for divestiture. When the Sole Commissioner, Justice Yaw Appau, asked why the DIC was still copied by the Controller and Accountant General�s Department, even when they had no business with Nana Woode, he responded that the Controller and Accountant General�s Department (CAGD) might have mistakenly copied his outfit of the payment, because they are usually in charge of divestiture, but in respect of this matter, the DIC definitely, did not know anything about it.