NDC MP: 2 Or 3 People Cannot Take 24Million Of Us For A Ride�Abrogate STX Deal Now!

The NDC Member of Parliament for Adenta, Hon Kojo Adu Asare, has called for the immediate abrogation of the $1.5 billion conflict-ridden STX Housing deal. Hon Adu Asare believes the time has come for the deal to be entirely abrogated, adding that the Mills-led NDC government could end up being badly embarrassed by the growing boardroom crisis at STX Engineering and Construction Limited Ghana. The STX housing project was being executed by a newly registered local company, STX Engineering and Construction Ltd. in partnership with foreign partners STX Korea with the latter owning 90 per cent shares and the former taking the remainder. But the partners have been fighting a crippling boardroom battle recently with some key stakeholders in the deal at each other�s throat, thus putting the execution of the project in limbo. Things got murkier last week when the Koreans, who reportedly broke away and formed a new company, STX E&C Ghana Ltd., in a terse note signed by its CEO and Executive Chairman, Im-Dong Park, claimed �On August 18, 2011 the Board of STX Engineering & Construction Ghana Ltd approved a resolution to remove Mr. BK Asamoah from the Chief Executive Office and Mr George Padi from the position of Deputy Chief Financial Officer. �STX Engineering & Construction Ghana Ltd hereby notifies the general public that Mr BK Asamoah and Mr. George Padi do not have any rights to represent STX Engineering & Construction Ghana Ltd in any action, contract or agreement. Therefore, any commitment, contract and/or agreement made by Mr. B.K. Asamoah and Mr. George Padi are void and invalid. Furthermore, please be informed that 2 criminal complaints and 2 civil law suits have been filed against Mr B.K. Asamoah,� the statement added. But B.K Asamoah issued a counter statement, saying, �STX Construction (Korea) is no longer an equity partner in STX Engineering and Construction Limited which STX Construction (Korea) exited in May 2011. STX Construction (Korea) therefore has no locus in STX Engineering and Construction Limited and consequently, no basis for any actions in respect of STX Engineering and Construction Limited.� Many analysts fear this could derail the $1.5 billion project, and the Adenta MP shares similar sentiments and maintains that it is unacceptable to allow a few individuals to �toy with the sensibilities of Ghanaians�. �I know some people may not like my position but in my candid opinion on STX honestly, the sovereign guarantee should be withdrawn. I believe that this country should not wait for any group of people to come to terms with themselves before something that affect our country can move forward, for me we can�t wait any longer. It is immoral to wait any longer because we don�t know when the board room wrangling will end. All this brouhaha started earlier this year and now it is either the Korean partners dismissing the Ghanaian or the Ghanaian partners dismissing the Koreans,� he stated. Contributing to a panel discussion on PeaceFM�s flagship programme �Kokrokoo�, the genial NDC parliamentarian urged his own government to immediately withdraw the sovereign guarantee it granted to STX. �I have gotten to a point where I think two, three, four or five people should not take 24 million people for a ride or toy with a party�s agenda since the consequence would be devastating,� he warned.