<<Print>>The former Chief Executive Officer of the National Health Insurance Authority (NHIA) and Annor Associates, Dr. Samuel Yaw Annor, has admitted in court that he indeed sold Veterans Association of Ghana (VAG) land, located at the Airport Commercial Area to a private developer to recoup his losses.
According to him, the sale of the land was due to a breach of agreement on the part of VAG, which refused to give a vacant position to Annor & Associates by a stipulated period, in a contract reached between both sides.
He added that VAG (1st defendant), which has been sued alongside Annor & Associates Limited (2nd defendant) and two others - Dr Samuel Yaw Annor (3rd Defendant) by Dream Reality Limited (plaintiff), breached the agreement at a time most of the Directors of the 2nd and 3rd defendants were domiciled in South Africa.
Dr. Annor further told the court that the directors had made arrangements for funding and also engaged the services of architects, engineers, and project managers who would have helped to design the shopping complex for which the land was given to them.
He argued that since VAG failed to give them a vacant position of the land, the engineers, architects, and financiers who were engaged gave up, with the view that the project might not materialise,
READ more in today's edition of The Chronicle newspaper.
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