DOPAMIL Co-owner cites Fidelity Bank in irregularities over dispute with joint venture partner
Stephen Komla Adom, co-owner of Dominion Paints Manufacturing Industries Limited (DOPAMIL), has alleged that he was forcibly removed from his own factory in December 2021 following what he describes as a coordinated scheme involving his joint venture partner, Quick Angels Limited (QAL), officials of Fidelity Bank, and members of the Ghana Police Service.
According to Adom, what began as a promising partnership with QAL—led by entrepreneur Richard Nii Armah Quaye—ultimately collapsed, resulting in the loss of control over his company under contentious circumstances.
DOPAMIL, a growing paint manufacturing firm at the time, had entered into a joint venture with QAL to scale production and expand its market reach.
However, tensions reportedly escalated in late 2021.
On December 17, 2021, a representative of QAL, Raj Saibu Tamanjah, filed a suit at the Ho High Court, accusing Adom of locking staff out of the factory.
Three days later, the court granted an ex- parte interlocutory injunction restraining Adom from interfering with the company’s operations.
Adom claims that on December 21, 2021—less than 24 hours after the injunction—agents of QAL, accompanied by armed police officers, entered the factory premises and ordered workers to vacate.
He alleges that the officers, identified as Issaka Ibrahim of the Police Intelligence Directorate (PID) and Baman Bright of the SWAT Unit, oversaw the operation during which inventory was removed and parts of the facility, including emergency exits, were sealed with cement blocks.
The main gate was also padlocked, effectively halting operations.
In addition to the alleged takeover, Adom has raised concerns about financial irregularities involving DOPAMIL’s account with Fidelity Bank.
He claims that on December 22, 2021, two cheques totaling GHS50,900 were withdrawn under questionable circumstances, implicating both QAL representatives and certain bank officials.
He further alleges that his name was wrongfully inserted into the bank’s system as a payee and that his signature was forged on documents used to alter the company’s account mandate.
According to him, a bank report dated June 3, 2022 acknowledged errors related to the listing of his name.
Fidelity Bank has not publicly responded to these claims.
Adom contends that the disputed financial records were later used as evidence against him in contempt proceedings.
On December 21, 2023, the Ho High Court, presided over by Justice Charity Asem, found him guilty of contempt, imposing a fine of GHS5,000 or a 90-day custodial sentence in default, along with a bond of good behaviour.
Adom has challenged the ruling, questioning the validity of certain evidence presented in court.
The substantive case between the parties was adjourned indefinitely on January 18, 2024, leaving QAL in control of the factory.
Meanwhile, a separate contempt case initiated by Adom against QAL representatives in 2022 has reportedly seen repeated adjournments, with no appearance by the accused persons.
Adom also raised concerns about the handling of his complaints to the police, stating that officers involved in the December 2021 incident were assigned to investigate the case.
He noted that an interim police report was only issued after intervention by the Volta Regional Minister.
In a further development, the DOPAMIL factory was destroyed by fire on February 15, 2026.
Adom says the incident resulted in the loss of vehicles, equipment, and inventory.
The cause of the fire is currently under investigation.
He is now calling for an independent probe into the circumstances surrounding the factory’s takeover, the alleged financial irregularities, and the fire incident.
He is also seeking the reversal of his contempt conviction, restoration of access to the company, disciplinary action against individuals implicated, and compensation for losses incurred.
Adom’s petition, dated April 13, 2026, was copied to several high-ranking officials, including the President, Vice President, and Chief Justice.
As of now, Quick Angels Limited, Fidelity Bank, and the Ghana Police Service have not issued public responses to the allegations.
Source: Classfmonline.com/Edem Afanou
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