As IBISTEK Directors Face 10yrs Jail Term Over Fraudulent Land Deal
Five Directors of Ibistek Limited, privately registered company are in trouble for alleged fraudulent transaction of a parcel of State Land located at Achimota to multiple individuals for ransoms.
The directors including a notorious land merchant, lecturer at the University of Ghana Law School, Kwame Gyan and four others have been reported to the highest office of the Land, the Jubilee House for taking USD$476,075.00 from a business man under the disguise of selling him the parcel of land addressed; plot No. 6, 5th street, Achimota Housing Estates, in Accra measuring 1.02 acre.
Under Ghana’s land law, any owner of land who engages in indiscriminate deposition and or multiple sale of Land are likely to spend up to 10 years in Prison.
The Business man and Private Developer, Jones Ofori Atta, Director of Forth Lucky Estate has told the President, Nana Akufo Addo a petition dated May 2024 cited by the WhatsUp News that the Directors of Ibis Tek have turned around and sold the piece of land they sold him to another person and have refused to refund in full, the purchased money.
According to Jones Ofori Atta, he found out later after the purchase that at the time he was offered the land, the Company led by Lawyer Gyan and its CEO, one Nana Boahene had not pay the state any money for the land and that the company used part of the moneys they took from him to pay the State Housing Company.
The land which has since become a monument of protracted litigations, swindling, extortion and a spectrum of judicial dishonesty was purportedly procured under strange arrangement by Ibis Tek, a company which credit itself with providing engineering solutions from the State Housing Company in 2016.
Following the payment of close to US$500,000 to the company, Ibis Tek directors refused to device deed of sale nor any document of ownership to Jones Ofori Atta but rather sold a large portion of the same land to another individual without notice.
All attempts by Jones Ofori Atta to frustrate the multiple sale or receive refund over the portion of land resold by Ibis Tek failed as Lawyer Gyan used his influence in the legal fraternity including the General Legal Council to intimidate and bullied him out of court.
Despite Lawyer Gyan and his co-director Nana Boahene’s attempts to downplay the scandal as a mere mistake, the gravity of the situation is undeniable.
A complaint filed by Jones Ofori Atta with the General Legal Council suffered haemorrhage following delays detractions and abandonment along the way. Subsequent pursuit of interpretation of a wrongful dismissal of contempt application at the Supreme Court was treated with bullish order which had left the victim distraught.
Both Lawyer Gyan and his co-director, Nana Yaw Boahene, have admitted reselling part of the same land to other individuals but claim it was a mistake.
In an affidavit in opposition to a contempt application at Commercial Court 17, General Jurisdiction Division of the High Court, Accra by Lawyer Kwame Gyan, he claimed it was the fault of the company’s surveyor that a portion of the land was sold to another party but said it was a mistake.
“After IBISTEK Limited had executed an assignment with applicant through its Managing Proprietor the State Housing Company Limited notified Ibistek Limited that adjacent to the piece or parcel of land assigned to Forth Lucky Estates, there was an unencumbered piece or parcel of land available for lease if Ibistek Limited was interest”, said Lawyer Gyan giving his rendition of the transaction.
Although lawyer Gyan claimed he entered a lease agreement to commence on the 15th day of August, 2016 and executed on the 18th day of November, 2016, subsequent documents show that the transaction was actually executed on the 3rd day of February 2020.
Interestingly, Lawyer Gyan, who claims Jones Ofori-Atta is his blood relative wrote a letter to the later, offering to resolve the matter in seven days but has since not fulfilled his pledge of repayment.
The development has however opened a can of worm, exposing cabalism in both the acquisition of land and delivery of justice in Ghana’s Judicial system.
Subsequent publication on this subject would unveil the frustration of Jones Ofori Atta in the hands of self-acclaimed business men and state Agencies .
In related investigations, WhatsUp News has cited both the Chairman, Kwame Gyan and it’s Director, NanaYaw Boahene in multiple corruption issues involving IBIS Tek, Bumtaa Farms and Widdi Africa Tomatoe Processing and Agro Farms in questionable deals.