Esianfua Royal Estate repossesses land from Atlantic Lithium over unmet payment obligations – Nsemkeka

Esianfua Royal Estate repossesses land from Atlantic Lithium over unmet payment obligations – Nsemkeka

A dispute between Esianfua Royal Estate, a prominent real estate developer in Mankessim, and Australian mining firm Atlantic Lithium has intensified, with the estate developer moving to reclaim land previously allocated for a mining project. The action follows what the estate describes as “failed promises and a breach of payment obligations.”

The contested land, located in the Mfantseman Municipality of Ghana’s Central Region, was initially granted to Atlantic Lithium for development. However, Esianfua Royal Estate alleges that the company has failed to meet financial commitments agreed upon more than two years ago.

In a statement issued by B.B. Simpson, Esq., legal counsel for Esianfua Royal Estate, the developer confirmed its official withdrawal from the deal, citing prolonged delays and a lack of fulfillment on the part of Atlantic Lithium.

“We cannot continue this deal with Atlantic Lithium. They have disappointed us, and we cannot waste our land for them any longer,” the developer stated.

The situation has raised concerns among residents and stakeholders, who fear the dispute could damage the reputation of Mankessim, the wider Mfantseman area, and the Central Region. Many have described the fallout as unfortunate and a setback for the region’s investment climate.

In an effort to provide clarity and outline the next steps, Esianfua Royal Estate has scheduled an emergency stakeholders’ meeting.

The meeting will take place on Monday, May 11, 2025, at 9:00 AM at the company’s office in New Nkusukum, near Romowil School in Mankessim. The agenda includes details and implications of the land repossession, future development plans for the reclaimed land and addressing concerns of existing investors and clients.

Roseford Advocates, the law firm representing Esianfua Royal Estate, has extended formal invitations to clients and media houses, encouraging all affected parties to attend for transparency and collaborative resolution.

The local community is now closely following developments, hoping the meeting will bring clarity and help restore investor confidence in the area.