The Bank of Ghana has forwarded a number of suspected cases of financial crime to the Economic and Organised Crime Office (EOCO) for investigations. They include suspicious request to the Central Bank for payment of large sums of inward remittances that has been withheld by the regulator and requests by receivers for investigations into defunct […]
The Receiver for the collapsed 347 Microfinance Companies (“MFIs”) and the 23 Savings & Companies, Eric Nana Nipah, is in the process of selling another set of landed properties belonging to some of the defunct firms. Mr. Nipah had earlier in March 2021 announced the sale of some of the properties of the affected firms. At the […]
The Founder and Chief Executive Officer (CEO) of defunct Capital Bank, William Ato Essien, has renewed his plea to refund part of the monies he allegedly stole from the bank leading to its insolvency. His lawyers have once again written to the Office of the Attorney General to resume negotiations under Section 35 of the […]
The Commercial Division of the Accra High Court has dismissed an application by the Founder of the defunct Capital Bank, William Ato Essien, which sought to halt his trial pending a review of the court’s ruling against a submission of no case. The court, presided over by Justice Eric Kyei-Bafffour, a Justice of the Court […]
IN THE MATTER OF THE BANKS AND SPECIALISED DEPOSIT-TAKING INSTITUTIONS ACT, 2016 (ACT 930) IN THE MATTER OF THE RECEIVERSHIP OF PREMIUM BANK GHANA LIMITED (IN RECEIVERSHIP) AND HERITAGE BANK GHANA LIMITED (IN RECEIVERSHIP) NOTICE TO THE GENERAL PUBLIC SALE OF VEHICLES AND CHATTELS OF PREMIUM BANK GHANA LIMITED (IN RECEIVERSHIP) (“PREMIUM”) AND HERITAGE BANK […]
Governor of the Bank of Ghana, Dr. Ernest Addison, has provided a detail response to the reason the Central Bank will not be appearing before a Parliamentary Committee to answer a petition by some shareholders of defunct UT Bank and unibank. According to him, one of the major reasons is to allow the legal proceedings […]
The Joint Receiver of the collapse Banks and Microfinance institutions has revealed that some customers are yet to receive their monies. According to Mr Eric Nipa, some customers sent in their claims late while others had no information to validate their claims because their institutions had already collapsed before the revocation of license. Hence, when […]
The Accra High Court will on July 8, this year, rule on a submission of “no case” filed by the Founder of the defunct Capital Bank, William Ato Essien, and three others accused of stealing depositors’ funds leading to the collapse of the bank. The other accused persons are the then Managing Director of the […]
The Bank of Ghana (BoG) has insisted that it would not appear before a parliamentary committee probing into the circumstances surrounding the revocation of licences of uniBank Ghana Limited and UT Bank Limited, which became insolvent. The committee was set up by the Speaker of Parliament, Alban Bagbin, in late March, 2021, following petitions presented […]