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Just in: Auctioneers move to sell NPP chairman’s assets on court order but NIB insiders attempting to block move [Photos]

Just in: Auctioneers move to sell NPP chairman’s assets on court order but NIB insiders attempting to block move [Photos]

By
My Page news

September 17, 2019





Reliable information available to adomonline.com indicates that auctioneers
have moved in to execute a court order against Allship Logistics Limited
through the auctioning of the company’s properties.

Our sources within the auctioneers’ outfit have, however, informed us that some officials of the National Investment Bank (NIB) to whom Allship Logistics Ltd owes the debt which is in excess of GH¢70 million have, in an interesting twist of events, called the auctioneers to ask that they halt the process.

An Auctioneer source who spoke to adomonline.com on condition of anonymity said two top management members of the bank have called to ask them to back down on carrying out the court’s order.

We
have received calls from some Management of NIB, asking us to halt the process
and deal with the issues as a ‘house matter’, our
sources within the auctioning team has revealed.

A Commercial court had
ordered that assets of Allships Logistics Ltd, a company owned by New Patriotic
Party Chairman, Mr Kutin Jnr including six landed properties, one commercial
property in Cape Coast, all movable properties including trucks, motor
vehicles, machinery and equipment be sold with “Praecipe for Writ of Fifa”.

The listed
properties as ordered by the court were meant to be used to offset part of the
debt owed the NIB bank.

It was in an attempt
to carry out the order that the said intervention came from some members within
the NIB Management for the issue to be dealt with as a ‘house matter’.

Below are photos of the exercise:

Auctioneers at Allship Logistics Ltd to carry out the court orderAuctioneers at Allship Logistics Ltd to carry out the court orderSome of the listed assets of Allship Logistics LtdOne of the properties marked by the court for sale

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