The Regent University has explained makes an attempt to auction off its assets by a civil engineering firm they’re indebted to, as untimely.
In accordance to the Acting Registrar of the College, Benjamin Zogbetor, the university has been in talks with the Obokom Civil Engineering Enterprise to construction a new payment approach as the old just one experienced grow to be extremely hard to satisfy.
Speaking to the press Friday, Benjamin Zogbetor mentioned “we have started payment, but mainly because of the dwindling number of learners, the arrangement did not go by means of as ideal and so we are in the process of re-negotiating with him on the payment”.
The development agency, Obokom Civil Engineering Limited, has initiated motion to auction a multi-purpose six-storey developing and other goods of the Regent University College of Science and Technologies in Accra to settle the university’s indebtedness to the corporation.
The other merchandise are a electricity creating set, a Tata bus, and two 4-wheel automobiles.
This arrives soon after the College failed to shell out an amount of money of $1.2 million and ¢2.1 million for the development of the six-storey creating which accommodates the university
The CEO of the Corporation, Nana Obokomatta, who is the Main of Gomoa Dasum in the Central Region, said that attempts to get the university to pay on time had proved futile thus leading to them to drag the institute to courtroom twice.
They threaten to go to the court docket a 3rd time to finalise the processes for the auctioning of the university developing and other homes if needed.
Even so, Mr. Zorgbetor has expressed hope that the make any difference would be settled amicably, declaring that “the court get does not suggest that the university has shut down”.
Past Wednesday, court docket bailiffs posted auction notices on the creating and the products.