The Social Security and National Insurance Trust (SSNIT) has clarified issues on the ownership of the Sempe Stool Lands located at New Weija, a suburb of Accra.
According to the Trust, all necessary payments and documentations that makes one a rightful owner to land were made years ago, hence, they are the rightful owners of the Sempe Stool Lands.
This was contained in a release put out by the Trust yesterday.
The reaction stems from recent media discussions on the acquisition process of the Sempe Stool Lands at New Weija in Accra and ownership of the Light Industrial Estates, managed by the Ghana Industrial and Commercial Estate Limited (GICEL), a subsidiary of SSNIT.
Throwing light on how SSNIT acquired the land, the release said that the Government of Ghana, per Executive Instrument (E.I. 1) gazetted on 19th January, 1996, compulsorily acquired the Sempe Stool Lands at New Weija as a site for the Light Industrial Estates.
“The SSNIT paid ¢1,429,428,000.00 in 1998 as compensation to the Sempe chiefs for the land, thus, making SSNIT the lawful owner of the land,” the Trust indicated in the statement.
According to SSNIT, it set up a subsidiary, known as GICEL, as one of its investee companies to manage the Light Industrial Estates that SSNIT had assumed lawful ownership of, and the Lands Commission, which is the body mandated by law to deal with lands, allocated the land to GICEL, and the lease was paid for by SSNIT.
“The land was registered in the name of GICEL at the Lands Commission. The Lands Commission also executed a deed document in respect of the Estates in the name of GICEL, and the deed document has a site plan attached, demarcating the boundaries of GICEL’s land,” the statement indicated.
The post We own Sempe Stool Lands at New Weija; SSNIT appeared first on The Chronicle Online.
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