The Chairman of Groupe Nduom, Papa Kwesi Nduom has asked the court to compel the Bank of Ghana (BoG) to restore the license of GN Savings and Loans while the two battle in court over the license revocation.
In an application sighted by citinewsroom.com, Nduom is asking the court to restore the firm “to its specialised deposit-taking license pending the determination of the originating motion.”
In the application, Dr. Nduom is captured as the first applicant, Coconut Grove Beach Resort and Groupe Nduom limited were also listed as 2nd and 3rd applicants.
Mr. Nduom also wants an order from the court to keep the Reciever of GN Savings and Loans from “further interfering directly or indirectly with the rights of [the firm’s] shareholders, directors and management… to control the [firm’s] business activities pending the determination” of the case.
Originating case
In his statement of claim, Dr. Nduom insisted that GN Savings and Loans was in good standing despite being declared insolvent by the BoG.
He said government infrastructure project portfolio was in excess of GH¢2.2 billion, more than its liabilities.
He added that most of the company’s funds had been invested in government projects as loans and advances to contractors who government through its ministries and agencies had hired to execute various projects.
According to Dr. Nduom, the government and state agencies, as of August 14, 2018, owed the company over GH¢600 million.
He argued further that the BoG and other parties failed to consider the government’s indebtedness to the company in making a determination on the company’s solvency and that constitutes a violation of rights.
He wants the court to rule that the failure of the BoG to consider that indebtedness of the Government of Ghana and its MDAs to Group Nduom before declaring GN Savings and Loans to be insolvent, constitutes a violation of his rights, that of Group Nduom and Coconut Grove Resort.
Papa Kwesi Nduom has already sued the Bank of Ghana; Finance Minister, Ken Ofori Atta; Attorney General, Gloria Akuffo; and Receiver for GN Savings and Loans, Eric Nana Nipah.
He wants the court to among other things quash the decision of the Bank of Ghana to revoke the license of GN Savings and Loans.
Like!! Thank you for publishing this awesome article.
I?¦ve recently started a website, the info you provide on this site has helped me greatly. Thanks for all of your time & work.
pokertafel casino , utrecht casino – casino brand : casino wormerveer .
nederlands casino , holland casino online nl – gratis drinken holland casino : gratis 5 euro casino .
magnificent post, very informative. I wonder why the other experts of this sector don’t notice this. You must continue your writing. I am sure, you have a great readers’ base already!
Hi, here from baidu, i enjoyng this, I come back soon.
You made some decent factors there. I seemed on the web for the problem and found most people will associate with together with your website.
text
You got yourself a new follower.
consorcio de carros usados em belo horizonte consorcio contemplado itau veiculos telefone consorcio contemplado veiculos itau consorcio honda civic touring consorcio caixa veiculos simulacao consorcio de carros usados em belo horizonte consorcio de veiculos itau consorcio contemplado veiculos itau simulador de consorcio de veiculos santander consorcio de carros chevrolet seminovos.
consorcio de imoveis bb consorcio para reforma de imovel santander consorcio banco do brasil imoveis tabela consorcio de imoveis porto seguro reclame aqui consorcio bradesco imoveis simulador simulador consorcio imovel caixa economica federal consorcio imobiliario bradesco tabela consorcio de imovel pela caixa economica federal consorcio de imovel caixa simulacao consorcio imovel bb simulador consorcio de imoveis santander simulador consorcio imobiliario caixa economica federal.
carta de credito para maquinas carta de credito caminhao carta credito automoveis pesados consorcio de onibus contemplado carta de credito contemplada para caminhao consorcio de caminhao contemplado a venda consorcio veiculos pesados consorcio de onibus consorcio de onibus carta de credito contemplada para caminhao curitiba consorcio de onibus contemplado carta de credito para caminhoes contemplada consorcio de caminhao consorcio de caminhao banco do brasil.
carta de credito de automoveis de luxo carta credito de veiculo de luxo carta de credito de veiculos de luxo carta credito de veiculo de luxo carta credito de automoveis de luxo carta de credito de automovel de luxo carta de credito de automoveis de luxo carta de credito de carro de luxo carta de credito de veiculo de luxo carta credito de automovel de luxo carta credito de automovel de luxo consorcio de automoveis de luxo carta de credito de veiculos de luxo consorcios de carros de luxo carta de credito de veiculo de luxo carta credito de automovel de luxo.
consorcio de imoveis contemplados bradesco consorcio imovel santander simulador consorcio banco do brasil imoveis tabela consorcio porto seguro imoveis login consorcio imoveis itau simulador tabela de consorcio imobiliario banco do brasil como funciona o consorcio de imoveis da caixa economica simulacao consorcio imobiliario caixa economica federal consorcio de imovel caixa simulacao consorcio imobiliario magazine luiza e bom consorcio imobiliario itau como funciona consorcio sicredi imoveis simulador.
Consorcio imobiliario consorcio imobiliario santander e bom consorcio contemplado imovel caixa consorcio imovel bradesco vale a pena como funciona o consorcio de imoveis do banco do brasil consorcio imovel bradesco reclame aqui consorcio itau simulador motos consorcio bb imovel vale a pena consorcio imobiliario contemplado consorcio imovel bradesco vale a pena consorcio de imoveis pelo banco do brasil consorcio de imovel banco do brasil.
I read few posts on this internet site\r\n\r\nand I believe that your web site is very interesting and holds sets of fantastic info.
só que a minha e da Zara da coleção passada! Muita coincidência! E bom que ainda estarei na moda! Rsrsrs beijao! Boa passagem pelo Brasil!
look the test
Levantamento completo
Leia mais aqui
homepage ligação
Say, you got a nice article post.Really thank you! Cool.
Im thankful for the post.Thanks Again. Really Cool.
Very neat article.Thanks Again. Really Cool.
I cannot thank you enough for the article post.Really thank you! Really Great.
Really enjoyed this article post.Really thank you!
This is one awesome article post. Want more.
Major thankies for the blog article.Thanks Again. Awesome.
Looking forward to reading more. Great blog.Really thank you! Fantastic.
Hey, thanks for the post.Thanks Again. Cool.
Thanks for the blog article.Much thanks again. Will read on…
Im obliged for the blog.Really looking forward to read more. Keep writing.
This is one awesome article post. Will read on…
I appreciate you sharing this blog article.Thanks Again. Much obliged.
Really appreciate you sharing this post.Really thank you! Keep writing.