The Hohoe Magistrate Court has granted bail to Madam Dagba Faustine, Manager of Cash Oil, formerly, Allied Oil Company Limited, to the tune of GH?5,000.00 with two sureties for defaulting in payment of Social Security and National Insurance Trust (SSNIT) contributions of their staff.

The default pension contributions amounted to GHc5,421.00, spanning July 2017 to September 2018.

Madam Dagba Faustine, who pleaded guilty with explanation said she assumed duty as Manager of the company only two months ago, and was now settling down and had no idea about the company’s default in payments over the period.

She was however convicted on her own plea to reappear on July 11, this year for sentencing.

Mr George Akuaku, Hohoe SSNIT Compliance Supervisor, presenting the facts of the case to the court, presided over by Mr. Peter Anongdare, said the accused person is the Manager of Allied Oil Company Limited in Hohoe.

He said the establishment is registered and covered by the Basic National Security Scheme under the National Pension Act 2008 (Act 766) as amended by Section 7 of the National Pensions (Amendment) Act 2014 (Act 883) and therefore bonded to abide by the law.

Mr Akuaku said inspections conducted by SSNIT inspectors into the pay books of the establishment covering a specified period revealed that the accused person had failed to pay contributions and penalties amounting to GH?5,421.37.

Mr. Akuaku said a demand notice was served on the company and several attempts made for them to settle their indebtedness proved futile.