The management of sankofaonline.com stand firmly by the statements we have made concerning the case involving John Henry Assabill and the GNC. Our opinions and comments are based on documents handed over by John Henry Assabill to the incoming administration and talking to some members of the GNC and the Ghanaian community! We will not be cowed or intimidated by threats of a lawsuit! Anyone who feels he or she has any information to the contrary can submit it for publication!
Part of the documents handed over by the outgoing President of the GNC, John Henry Assabill, included a disclosure documentation for a loan of $20,000.00 with Assabill and Associates Inc. as borrower and Transit Funding LLC as the lender. The loan disclosure was dated May 30, 2012. The interest rate on the loan was 7.50% per annum, with a weekly payment instalment of $32.25 for 156 weeks. The finance charge on the loan was $30,311.38. This means that at the end of the term of the loan, the GNC will pay a total of $50,311.38 on the $20,000.00 loan. Part of the documents we reviewed allege that the loan was deposited into the GNC account in June of 2012.
A research into the Ghana National council monthly meeting minutes from March 2012 through July 2012 did not show that the Ghana National Council authorized John Henry Assabill to take the loan on its behalf. Moreover, we did not see documented agreement between John Henry Assabill and the Ghana National Council to turn over the loan made to Assabill by Transit Funding LLC to the Ghana National Council. The only evidence we saw was an alleged check image of $20,000.00 made to the GNC by Transit Funding LLC. This was the alleged check deposited into the GNC checking account in June of 2012.
As part of handing over to the new president of the Ghana National Council, John Henry Assabill included notes supported by financial statements as at December 31, 2013 that showed that the Ghana National Council had a liability of $14,000.00. John Henry Assabill stated that he had loaned the council an amount of $20,000.00 of which $10.000.00 had been paid by the Ghana National Council. The lawsuit by John Henry Assabill however alleges that only $6000.00 was paid to Mr.Assabill by the time his term of office expired on December 31 2013. The documents further allege that John Henry Assabill loaned an additional $4,000.00 to the council in 2013. The handing over notes also stated that an amount of $5,000.00 in the Ghana National Council’s CD account with the interest accrued of $78.00 was at the PNC bank. An additional $605.11 in the Ghana National Council’s checking account also with the same PNC bank. The incoming administration headed by President Ebenezer Antwi-Nsiah alleges that they did not have the opportunity to verify the balances with the PNC bank because John Henry Assabill withdrew all the money in every account at the bank and closed the bank accounts without authorization from the Ghana National Council. As normally happens during hand overs, the outgoing signatories of the councils account arrange with the incoming administration and change the signatories to all accounts held by the council. The out going administration then hand over all documents and other items in their possossion to the incoming administration at a general meeting of the council.That did not happen during the transition between John Henry Assabill and President Nsiah. President Nsiah refused a request by John Henry Assabill to meet with Assabill outside the council’s general meeting to hand over to the incoming administration
We at Sankofaonline.com advise both the GNC and John Henry Assabill that they should consider a meeting to resolve any matters amicably by:
- John Henry Assabill, the immediate past president or any other signers on the GNC accounts at the PNC Bank take members of the new administration to the bank to enable them verify all the accounts and transactions directly from the bank.
- That the council take steps to pay John Henry Assabill if it comes out that they owe the former president.
Members of the GNC should as a matter of urgency consider holding a town hall meeting to discuss issues affecting the Ghanaian community and find ways to bring the community together.
Also we employ members of the chieftaincy council, elders in the Ghanaian community, stake holders and the GNC to form a standing arbitration committee to handle issues in the community before it gets out of hand !
The GNC as a matter of urgency should form a committee made up of members of the GNC and other stake holders in the community to evaluate the annual Ghanafest so that we can all find ways to make the festival financially sustainable.
We continue to wish the GNC well and hope that they find ways to resolve the current problem harmoniously.
The management of sankofaonline.com stand firmly by the statements we have made concerning the case involving John Henry Assabill and the GNC. Our opinions and comments are based on documents handed over by John Henry Assabill to the incoming administration and talking to some members of the GNC! We will not be cowed or intimidated by threats of a lawsuit! Anyone who feels he or she has any information to the contrary can submit it for publication!