An Accra Commercial Court has adjourned hearing of a spat between businessman Alfred Agbesie Woyome and Editor, Raymond Archer over the ownership structure of The Enquirer newspaper. Woyome claims he owns 51 per cent shares in the newspaper but somehow, his shares have been divested, making Archer the 100 per cent owner of the company. He prayed the court will recognise the ownership structure and rule in his favour. Joy News' Cyrus deGraft Johnson who was present in court, reported that the newspaper company, Focal Media was incorporated in 2005 with Archer owning 49 per cent shares. According to Woyome, at the time of the incorporation, he was then working at the Austrian Consulate which prevented him from any direct involvement in private commercial business. He therefore registered his 51 per cent shares in the name of a lawyer, Mr. Babanawo. The businessman who is battling the state over a controversial GHS51 million judgement debt claims that somehow the newspaper editor took custody of his 51 per cent shares without his knowledge. According to him, Archer has failed to account for the business. He claims Archer having secured the 100 per cent shares proceeded to procure a loan from Stanbic Bank using his company as a collateral. Woyome is hoping that the court will rule in his favour and restore his interest in the company. Raymond Archer was not present in court but was represented by his lawyer, Tony Lithur whilst Woyome was in court with his lawyer Chris Coker. They will return to court on April 23.