IMC Laments Frustration To Takeover Adamus Resources

The interim Management Committee (IMC) which was constituted by the Accra High Court of Justice (Commercial Division 7), on March 1, 2024, to direct the Management of Adamus Resources Limited, claimed it has for the third time, been prevented from executing its mandate.

This was after the High Court on July 27, 2023, ordered the formation of the Interim Management Committee to take over the operations of the company, but the order could not be executed, citing alleged frustration by opponents.

According to members of the IMC, on Friday, April 26, 2024, the Committee as per the court order, visited the company’s Head Office at Airport Residential to enable it discharge its mandate.

However, the IMC, which was led to the company’s premises by some personnel from the Ghana Police Service, initially gained access to the premises, but had to leave after the police officers, purportedly received instructions to pull back.

This, followed a similar event which saw the Interim Management Committee prevented by the company’s Security personnel, ,with the aid of some police officers at the entrance of their operational headquarters in the Ellembelle District of the Western Region on Wednesday, April 17, 2024.

The IMC had earlier been prevented from entering the Accra Head Office on March 25, in an attempt to carry out their mandate.

Adamus Mining, a company 90percent owned by Adamus Australia, was purportedly purchased by Nguvu Mining Limited, a company registered in Mauritius, which sparked a chain of legal battles after the defendants (Adamus Mining) argued that Moses Kobina Bosompem, had never lawfully been a director or officer of Adamus Australia at the time he purported to have signed that November 7, 2022, share transfer agreement, two weeks before the Supreme Court of Western Australia, delivered its judgment against Angela List, a 90percent shareholder in Nguvu Mining Limited).

Due to these legal battles, the Court ordered a five-member IMC to direct the management of the company.

The Ministry of Lands and Natural Resources, complied with the orders of the Court and subsequently appointed Juliet Osei-Wusu (Mrs) as its representative to the IMC on October 5, 2023.

Mr Morrison and Adamus Australia, followed suit through a resolution dated July 27, 2023, and duly appointed David Abini and Isaac Ackun, as its representatives to the IMC.

Nguvu Mining, however, has not made their two appointments to the IMC and resorted to challenge meetings called either by the government representative or the Defendant’s representatives.

Following another ruling of the High Court, Commercial Division 7, on February 19, 2024, Nguvu Mining Limited, forfeited its rights to appoint a member to the IMC, when it failed to duly appoint a representative on February 29, 2024, and to have its appointee’s name filed with the Registrar on March 4, 2024, as ordered by the Court.