I don’t owe Access Bank GHc18m – Afenyo Markin fumes

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Member of Parliament for the Efutu Constituency, Alexander Afenyo Markin, has rejected claims by Access Bank that he owes them an amount of GHc18 million.

The bank on Thursday published in the Daily Graphic Newspaper a list of debtors, including Afenyo Markin’s company, The Square Logistics Gh Limited.

According to the Bank’s notice, the company has defaulted in the payment of a loan facility which stands at GHc18,462,405.96.
Infuriated by the notice, Mr. Markin in an interview on Eyewitness News said,

“I don’t owe Access Bank Ghana Limited,” and further described the publication as a “mischief aimed at destroying me politically.”

The legislator also insisted that “I’m not a worried man, and nobody can intimidate me with some of these blackmail.”

How the debt allegedly accrued

The outspoken Efutu MP explained to the host of Eyewitness News, Richard Dela Sky, that a company he is affiliated to, The Square Logistics Gh Limited, took a leasing facility from Access bank in 2009 “because they had a problem.”

He further narrated that, “Access Bank, which was then Intercontinental Bank, had imported some trucks for Mr. Alfred Woyome and they alleged some irregularities hence the need to take away those trucks from them and because the Square Logistics and Excel Courier were involved in bulk haulage in the mining sector, they [Access Bank] decided to lease these trucks to them.”

Afenyo Markin said in 2013, Access bank took back the trucks “because they were not happy with the operations of the loan income” as was being paid by his company.

He noted that the bank later demanded that his company makes certain payments which they refused and subsequently dragged Access Bank to court.

“The court granted the prayer of The Square Logistics to the effect that Access Bank was supposed to account for VAT payment they [Afenyo Markin’s company] had made of which same had been computed for the lease.

This was in 2014. Till date, Access Bank has failed to comply with the order of the court which was presided over by his Lordship L.L. Mensah. So for anybody in Access Bank to irresponsibly publish in the newspaper and add my name as owning them can be described as a mischief aimed at destroying me politically.

“But I must say that whoever was behind this has failed,” he added.

Meanwhile a letter addressed to the Daily Graphic by lawyers of the Efutu MP, described the publication as one that seeks “to embarrass and defame in particular honorable Alexander Afenyo Markin and expose him to public ridicule.”

 

Source: citifmonline.com

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