I Agreed To Waive GH¢54m Of Default Judgement — Woyome

Alfred Agbesi WoyomeBusinessman Alfred Agbesi Woyome told the Financial Division Two Court yesterday that he agreed to waive GH¢54 million of the GH¢105 million default judgement given him, to the state after entering an agreement with it.

He explained that he obtained a GH¢105 million default judgment from the Commercial Court, but after consultations with the Attorney-General’s Department and the Ministry of Finance and Economic Planning he accepted GH¢49 million, with interest.

Woyome was continuing his evidence-in-chief in his trial for alleged false representation.

He has been charged with defrauding by false pretence and two counts of wilfully causing financial loss to the state, as well as ‘wilfully and fraudulently causing a huge financial loss’ of GH¢51,283,480.49 to the state, between September 2010 and September 2011.

He has since June 5, 2012, denied the charges.

Led in evidence by his counsel, Osafo Buabeng, Woyome said subsequent to the judgment, the Attorney- General’s Department filed a writ against the agreement with the explanation that it was a mistake.

He described the decision as strange and in bad faith.

He said during proceedings the court ruled that he should be paid GH¢17 million and that if he lost the case, he would refund the said amount to the state.

The state paid the amount into his account and he used it to offset loans he owed some banks.

Asked what happened to the rest of the balance outstanding, he said interest accrued on it and the state negotiated a pre-trial conference with the court that he should present a proposal to the Ministry of Finance and Economic Planning for it to be paid, which he did.

Woyome said attempts to pay him the money got stalled when the Ministry of Finance and Economic Planning issued a warrant to the Controller and Accountant General’s Department and the Bank of Ghana to ascertain whether he should be paid or the money be shared between him and Austro Invest.

In the midst of the confusion, he said the Ministry wrote to the Attorney-General’s Department for an explanation and confirmation.

The A-G’s Department, by a letter, confirmed that he (Woyome) should be paid the amount.

To a question on whether the money was paid, he said the ministry dragged its feet a while and he consulted his legal team but the ministry was still adamant and so he resorted to legal action.

Woyome said during the trial his legal team amended his writ claim to four per cent, instead of two per cent since he owed two local banks with interest and lost his property in the United States, due to the financial engineering services he rendered through syndication with Bank Austria.

Before proceeding to execute the default judgment, he said the Attorney-General’s Department contacted his legal team indicating that the government was desirous in understanding the specific role he played in the African Cup of Nations, CAN 2008, stadia projects.

He said after a series of meetings with government officials, he was asked to go back and renegotiate the judgment.

Woyome claims the government owed him two per cent of 1,106,470,587.49 Euros for the services he rendered for the rehabilitation of the Kumasi, Accra and El-Wak stadia and under the pretext of securing funds for the construction of the Tamale and Sekondi-Takoradi stadia, ahead of the African Cup of Nations, CAN 2008.

The Fast Track High Court, presided over by Justice John Ajet-Nasam, adjourned sitting to June 25. By Winston Tamakloe

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