The Managing Director of Intercity STC Coaches Limited, Nana Akomea, has dismissed reports alleging his involvement in the sale of a company property to the Stadium Hotel in Kumasi.In a Facebook post on Sunday, November 17, 2024, Nana Akomea described the claims as baseless, clarifying that the Stadium Hotel is not owned by the state-run STC.

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He explained that the circulating letter, which fueled the allegations, pertains to a tenancy agreement and not the sale of any property, as falsely reported.Nana Akomea further addressed the matter in his post, outlining three key clarifications regarding the issue.1. No Managing Director of a state-owned company, including STC, has the authority to sell company property.2.

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The Stadium Hotel in Kumasi is not owned by STC, making it impossible for the corporation or its management to sell it.3. The letter in question refers to a tenancy agreement between STC and the Stadium Hotel, which was approved by STC’s management and board. This agreement has brought substantial financial benefits to STC.

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The STC Managing Director expressed disappointment in the allegations and urged individuals to read the full document, which clearly outlines the details of the tenancy agreement.“I assume the people who posted are patriots expressing concern about a state company. But at least, they should read the document that has raised their concern. It’s a half-page letter that can be read in 30 seconds,” he wrote.See Nana Akomea's post below:

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