[ 2017-05-02 ]

Ibrahim Mahama, CEO of Engineers & Planners

I delayed SSNIT payment for only two days – Ibrahim Mahama
Business mogul, Ibrahim says his company Engineers
& Planners has settled its SSNIT contributions.

Mr Ibrahim Mahama was arraigned at the special
SSNIT Saturday Court over his company’s
inability to pay the SSNIT contributions of its
staff.

However, in a statement, the company said as at
28th April 2017, it had made a total payment of
over GHc 2 million (GHc2,723,212.36) in full
satisfaction of all outstanding arrears and
penalties.

It explained that on 22nd December 2016, SSNIT
entered into a negotiated agreement with Engineers
and Planners as it does with all clients for the
payment of arrears of social security
contributions of GHc1,601,051.78 adding, “by the
terms of the agreement, E&P were required to make
12 monthly instalments commencing February 2017
ending in January 2018.

The statement said on March 2 2017, SSNIT wrote to
E&P to serve notice that it had abrogated the
negotiated agreement due to the failure of the
company to make the instalment payment for
“February 2017, as a result of two (2) days of
delay in paying the first instalment.”

Below is the full statement:

ENGINEERS & PLANNERS HAS SETTLED SSNIT
CONTRIBUTIONS

• On 22nd December 2016, SSNIT entered into a
negotiated agreement with Engineers and Planners
as it does with all clients for the payment of
arrears of social security contributions of
GHc1,601,051.78.

• By the terms of the agreement, E&P were
required to make 12 monthly instalments commencing
February 2017 ending in January 2018.

• As at 28th April 2017, E&P had made a total
payment of over GHc 2 million (GHc2,723,212.36) in
full satisfaction of all outstanding arrears and
penalties.

• JUST TWO DAYS DELAYED PAYMENT – On March 2
2017, SSNIT wrote to E&P to serve notice that it
had abrogated the negotiated agreement due to the
failure of the company to make the instalment
payment for February 2017, as a result of two (2)
days of delay in paying the first instalment.

• E&P informed SSNIT that it had made efforts to
make the payments for February as agreed but for
unexpected delays in their receivables on current
contracts and convincingly committed to paying. A
promise it has fulfilled.

• E&P further made a request for SSNIT to
reconsider its decision to abrogate the negotiated
agreement. SSNIT declined the request.

• Instead, on 13th April 2017, a summons was
issued to E&P to appear before the District Court
on 29th April 2017 to answer a complaint of
failing to pay SSNIT contributions of
GHc668,754.75 and penalty of GHc387,709.31
totalling GHc1,056,464.06.

• Once again it is worth noting that, E&P has
paid over GHc 2 million (GHc2,723,212.36) in full
satisfaction of all outstanding arrears and
penalties.

• Counsel for Engineers and Planners has
informed the court that the company has fully paid
off the outstanding amounts due SSNIT.

Source - atinkaonline.com

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