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23.10.2019 General News

Five KMA Cars Confiscated For Recovery Of GH¢3.342 Million

By Bruce Misbahu Bulmuo
Five KMA Cars Confiscated For Recovery Of GH¢3.342 Million
OCT 23, 2019 GENERAL NEWS

Five vehicles belonging to the Kumasi Metropolitan Assembly (KMA) have been confiscated by the Assembly’s debtor, Osbon Ventures, a Waste Management company.

The impounded cars have been assembled at the Akwaboah Mart at Gyinase in Kumasi for possible auction to defray an indebtedness of over GH¢3.342 million owed to the creditor company.

Osbon Ventures has since 2013 instituted an action for the payment of the amount and other monies in pursuant to an agreement entered into by the two parties.

The CEO, Madam Juliana Osei Bonsu is claiming cash for services her company rendered to the KMA about 14 years ago of which the city authorities have failed to pay.

Management of KMA was ordered to pay back GH¢249,188.40 and general damages of GH¢800,000 following a civil court trial at the Commercial Division in Kumasi on June 19, 2015.

The High Court found KMA had "breached its fiduciary duties" under the service contract to the creditor, who collected wastes and disposed them off on its behalf.

The court, on September 26, 2019, approved interest of GH¢994,778.24 at a rate of 33.975 percent from January 2008 to September 2019 for the creditor, and again awarded her GH¢800,000 as general damages.

These amounts were beside GH¢1,245,750 interest on unpaid damages from June 19, 2015 to September 2019 and judgment cost of GH¢50,000 as well as GH¢1,900 awarded during the trial on May 28, 2013, October 27, 2014, and January 30, 2015.

This brought the total judgment debt to GH¢3,341,616.64, compelling the court to ‘attach’ the movable property of KMA after management failed to honour its obligation to pay GH¢835,404 being a one-quarter payment due to plaintiff in pursuant of a stay of execution pending appeal.

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