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Tema Central Member of Parliament (MP), Yves Niinoi Hanson-Nortey, has debunked reports suggesting that he has been evicted from his home over allegations of insurance fraud.
The New Patriotic Party (NPP) legislator described the publications as unfounded and factually incorrect.
In a statement, Mr. Hanson-Nortey asserted that the reports were part of an attempt to tarnish his reputation and mislead the public.
“This publication is one of several intricate plans being executed to tarnish my image,” the statement read.
Clarifying the situation, Mr. Hanson-Nortey recounted his tenure as the Managing Director of Apex Petroleum in December 2018, prior to his parliamentary career.
According to the MP, Apex Petroleum, an oil marketing company, entered into a business partnership with Boison Sapenu and D-Vet Ltd as part of an expansion strategy. This arrangement involved securing an insurance bond policy from Star Assurance, which was backed by a property Apex Petroleum had made clear belonged to a third party.
However, Mr. Hanson-Nortey noted that Star Assurance failed in its due diligence by accepting the collateral without proper verification. This negligence resulted in severe consequences, including Apex Petroleum losing its operating license and permits.
“In April 2022, and prior to knowing that Star Assurance had foreknowledge of the non-existent collateral, Apex Petroleum, on the advice of its lawyer at the time, agreed to pay Star Assurance an amount of GHC 10,500,000. This agreement was documented and entered as a consent judgment of the court,” the statement explained.
The MP further disclosed that investigations by the National Investigations Bureau (NIB) later uncovered new information about how accepting non-existent collateral had been used to defraud oil marketing companies.
As a result, Mr. Hanson-Nortey has instructed his new legal team to take steps to challenge and set aside the 2022 consent judgment.
“Star Assurance is simply trying to use all means at their disposal to enforce the consent judgment of 2022 and to leverage their media outlets to tarnish my reputation in the hope that I would buckle.
“Star Assurance is trying to enforce that same judgment, which is tainted with fraud, and which I am currently challenging in court. I wish to state that it is never true that I have been evicted from my house,” the MP emphasized.
Source: Adomonline.com
