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April 7, 2017 | Politics

Woyome heads to ICC over GHC51m judgement debt

MyJoyOnline
Woyome heads to ICC over GHC51m judgement debt

Alfred Woyome has petitioned the International Court of Arbitration of the International Chamber of Commerce (ICC) over the controversial GH51.2 million judgment debt he received from the state.

A correspondence between the embattled businessman and the ICC reveals the International Court of Arbitration received the petition on March 20, 2017.

The case, titled “Alfred Agbesi Woyome (Ghana) vs/ REPUBLIC OF GHANA (Ghana)” will be Mr Woyome’s final attempt to defend the judgement paid to him by the state after the Supreme Court ruled last year that he received the money fraudulently.

The apex court ruled that Mr Woyome received the money from the National Democratic Congress (NDC) government for an invalid contract between the state and Waterville Holdings Limited in 2006 for the construction of stadia for CAN 2008.

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Efforts by state officials to retrieve the money have not been successful as Mr Woyome insists the law has not been fair to him.

Mr Woyome has, however, refunded GH¢4 million out of the total 51.2 million to state coffers.

Although he subsequently promised to pay the outstanding balance by quarterly instalments of GH¢5 million from April 1, 2017, he has reneged on that promise.

With the petition to the ICC, Mr Woyome is hoping that the quarterly instalments would be held off while he makes his case to the United Nations-backed court.

Story by Ghana | Myjoyonline.com | George Nyavor | [email protected]

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