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General News of Monday, 25 November 2024

    

Source: www.ghanawebbers.com

Tema Central MP dismisses claims of being evicted from his home

Yves Niinoi Hanson-Nortey Yves Niinoi Hanson-Nortey

Tema Central MP Yves Niinoi Hanson-Nortey has denied reports alleging his eviction over insurance fraud, calling them false and an attempt to damage his reputation.

In a statement, he clarified that the allegations stem from events during his tenure as Managing Director of Apex Petroleum in 2018.

He explained that Apex Petroleum entered a partnership involving an insurance bond with Star Assurance, which failed to verify the collateral provided by a third party.

This oversight led to the loss of Apex’s operating license and a consent judgment in 2022 to pay GHC 10.5 million.

Recent investigations by the National Investigations Bureau (NIB) revealed fraud linked to non-existent collateral, prompting Mr. Hanson-Nortey to challenge the judgment.

He accused Star Assurance of using media tactics to enforce the disputed ruling.