For non-compliance with commitments, two buildings belonging to Doro Gaye and his wife seized

After the fall of Macky Sall’s regime, businessman Doro Gaye is going through a difficult period. In addition to legal proceedings for fraud brought by Zakiroulah Sow, he is on the verge of losing two buildings in co-ownership with his wife in the Keur Gorgui city, in Dakar. The Union des Mutuelles – Alliance de Crédit et d’Epargne pour la Production (Um-Acep) seized these properties because of a large loan for which Gaye had put his properties as collateral, but which he never refunded.

Doro Gaye would have borrowed around a hundred million CFA francs from the banking institution, but did not honor his financial commitments, according to representatives of Um-Acep. Thus, the organization seized the two buildings and notified the judge of the Real Estate Seizure Chamber.

The properties concerned include a 73 m² store on the ground floor of the condominium building in Keur Gorgui, designated under lot 08 of the Land Title No. 23.242/GR, and an apartment of 122 m², lot 09 of the Title Land n°23.243/GR, also located on the ground floor. The starting price for the store is set at 12 million CFA francs, while the apartment is valued at 21.35 million CFA francs.

The judge of the Commercial Court, who examined the file recently, postponed the case until December 10 for the adjudication hearing. If this sale is validated, Um-Acep could thus recover the funds committed.

This new ordeal adds to the difficulties of Doro Gaye, already involved in a land fraud case involving more than a billion CFA francs, for which he was placed under arrest warrant on June 3. On June 28, he obtained a judicial review after signing an agreement to compensate the civil party, but this real estate crisis adds a new shadow to his already precarious situation.