IMC of Adamus Ghana Limited raises alarm over frustrations by Angela List, minister

The Interim Management Committee (IMC), formed by the Accra High Court of Justice (Commercial Division 7) on March 1, 2024, to direct the management of Adamus Resources Limited, has been prevented for the third time from executing its mandate as per the court ruling.

This occurred after the High Court (Commercial Division 7) had earlier, on July 27, 2023, constituted the Interim Management Committee to take over the operations of the company, but Angela List flagrantly disregarded that order.

On Friday, April 26, 2024, the Committee, as per the court order, visited the company’s head office at Airport Residential to enable it to discharge its mandate.

However, the Interim Management Committee, led by some officers from the Ghana Police Service, initially gained access to the premises but had to withdraw after the accompanying police officers received instructions to pull back.

It is believed that the latest move was allegedly orchestrated by Miss Angela List with the backing of a minister of state.

This followed a similar event that 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 Interim Management Committee 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 90% owned by Adamus Australia, was purportedly purchased by Nguvu Mining Limited, a company registered in Mauritius. This 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 the November 7, 2022, share transfer agreement, done two weeks before the Supreme Court of Western Australia delivered its judgment against Angela List, a 90% shareholder in Nguvu Mining Limited.

Due to these legal battles, the Court ordered a five-member Interim Management Committee (IMC) to direct the management staff of the company.

The Ministry of Lands and Natural Resources complied with the orders of the Court and subsequently appointed Mrs. Juliet Osei-Wusu 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 their representatives to the IMC.

Nguvu Mining, however, has not made their two appointments to the IMC and has resorted to challenging meetings called either by the government representative or the defendants' 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 by February 29, 2024, and to have its appointee’s name filed with the Registrar by March 4, 2024, as ordered by the Court.