Hotels saga: Proposal from Freddy Blay’s son was returned unopened, says SSNIT

The Social Security and National Insurance Trust (SSNIT) has clarified that proposal  from Freddy Blay’s son for the sale of shares in six hotels were returned unopened.

According to SSNIT, Spartan Ives Limited did not meet the technical evaluation qualifying mark of fifty.

Freddie Blay, a former chairman of the New Patriotic Party (NPP) has said his 34-year-old son wanted to buy shares of the Social Security and National Insurance Trust (SSNIT) in some hotels advertised in 2022.

“My son is about 34 years old. He’s grown up and involved in business. I don’t answer questions for him. But that apart, my son, if you care to know, is not just involved in hotels, he is involved in the tourism industry.”

“SSNIT offered to sell several hotels. He wanted a package and my son’s company Spartan (Ives SSA) applied alongside about twelve or so companies. He offered to buy it for over 150 to 200 million with a syndicate of banks supporting him and a well-branded hotel chain,” he said

Blay added “Of course, SSNIT decided that they would rather not give it to my son’s company and give it to another company.”

However, speaking at a news conference in Accra on Monday (8 July), director-general of SSNIT Kofi Osafo-Maafo said his organisation had no knowledge of the amount included in the financial proposal.

“Spartan Ives Limited, Freddie Blay’s son’s company, did not meet the technical evaluation qualifying mark of 50 and so their Financial Proposal was returned to them unopened.”

“Therefore, SSNIT had no way of knowing the amount included in the financial proposal,” Osaafo-Maafo said.

Asaase Broadcasting Company airs on Asaase 99.5 Accra, Asaase 98.5 Kumasi, Asaase 99.7 Tamale, Asaase 100.3 Cape Coast, AsaasePa 107.3 (Accra).
Affiliates: Azay FM 89.1 (Takoradi), Bawku FM 101.5, Bead FM 99.9 (Bimbilla), Mining City Radio 89.5 (Tarkwa), Nyatefe Radio 94.5 (Dzodze), Somuaa FM 89.9 (Gushegu), Stone City 90.7 (Ho) and Wale FM 106.9 (Walewale).
Listen online: asaaseradio.com, Sound Garden and TuneIn.
Follow us:
X: @asaaseradio995, @Asaase985ksi, @Asaase997tamale, @asaase1003, asaasepa1073
Instagram: asaaseradio99.5, asaase985ksi, asaase100.3, asaase99.7tamale, asaasepa107.3
LinkedIn: company/asaaseradio995. TikTok: @asaaseradio99.5, Facebook: asaase99.5, asaase985ksi, Asaase100.3, asaase99.7, AsaasePa107.3.
YouTube: AsaaseXtra.
Join the conversation. Accra: call 020 000 9951/054 888 8995, WhatsApp 020 000 0995. Kumasi: call 059 415 7985 or call/WhatsApp 020 631 5260. Tamale: call/WhatsApp/SMS 053 554 6468. Cape Coast: call/WhatsApp 059 388 2652.
#AsaaseRadio
#AsaasePa
#TheVoiceofOurLand

The post Hotels saga: Proposal from Freddy Blay’s son was returned unopened, says SSNIT appeared first on Asaase Radio.