General News of Thursday, 14 May 2020Source: Daily Guide NetworkRegent University’s properties up for auction over GH¢9m debtFile photo: Regent University CollegeLeading Accra-based private tertiary institution, Regent University College has seen one of its buildings been put up for auction. The auctioning is believed to be in line with a court ruling and is intended to defray it’s indebtedness to Obokom Civil Engineering Ltd. This led to a court action between the Construction Company and Unicredit leading to judgement for the construction company in October 2019. The service by the bailiff paves the way for an auctioneer to value the properties and allow the sale of the properties to offset the total debt of $1,284,080.53 and GH¢2,139,798.96 owed to Obokom Civil Company Ltd. But Benjamin Zogbator, Acting Registrar, of Regent University College, says the decision of the construction company was in “bad faith.”He admitted that the University has a financial agreement with the company.

Source: GhanaWeb May 14, 2020 13:41 UTC