A construction firm, Obokom Civil Engineering Limited, has initiated action to auction a multi-purpose six-storey building and other items of the Regent University College of Science and Technology in Accra to settle the university’s indebtedness to the company.
The other items are a generating set, a Tata bus and two four-wheel vehicles.
Last Wednesday, court bailiffs posted auction notices on the building and the items.
Besides, the company took away two four-wheel drive vehicles from the university.
The Chief Executive Officer (CEO) of the firm, Nana Obokomatta IX, told journalists yesterday that the university owed the company $1.2 million and GH¢2.1 million for the construction of the six-storey building which accommodates the university.
He said the auctioning of the property should not have happened, since the university was given enough time to pay back the money owed the company.
“Indeed, we entered into a contract with Regent University to build the six-storey edifice. We were supposed to build the edifice and give the university one-year grace period to pay, which we did.
So it was supposed to pay on April 17, 2018, and immediately the time was due, we requested for payment,” he explained.
Nana Obokomatta said in the course of the construction works, the firm was given assurances that immediately the works were completed, payment would be effected.