The state has charged a former Finance Minister, Dr Kwabena Duffuor, and seven others with 68 counts for the roles they allegedly played in the collapse of uniBank.
The seven are Dr Kwabena Duffuor II, a son of Dr Duffuor, who was the Chief Executive Officer (CEO) of uniBank; Dr Johnson Pandit Asiama, a former Second Deputy Governor of the Bank of Ghana (BoG); Ekow Nyarko Dadzie-Dennis, the Chief Operating Officer of the bank; Elsie Dansoa Kyereh, the Executive Head of Corporate Banking; Jeffery Amon, a Senior Relationship Manager; Kwadwo Opoku Okoh, the Financial Control Manager, and Benjamin Ofori, the Executive Head of Credit Risk at the bank.
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Also facing charges over the issue is the entity, HODA Holdings Limited, the majority shareholder of uniBank, which was said to be controlled by Dr Duffuor.
The Attorney-General (A-G) has accused Dr Duffuor, who was a shareholder of uniBank, of contributing to the collapse of the bank by “dishonestly receiving” GH₵663.28 million from the bank.
Dr Asiama has also been named as an accused person on the charge sheet signed by the Director of Public Prosecutions (DPP), Mrs Yvonne Atakora Oboubisa, and filed at the Accra High Court.
It is the case of the A-G that even though uniBank was in financial distress, Dr Asiama allegedly used his position as the Second Deputy Governor of the BoG to approve the transfer of GH¢300 million, which was an unsecure credit facility from uniBank to the Universal Merchant Bank (UMB).
Dr Duffuor, who is also a former Governor of the BoG, has been charged with dishonestly receiving and money laundering, while Dr Asiama has been charged with wilfully causing financial loss to the state, in contravention of the Bank of Ghana Act, 2002 (Act 612).
Other charges levelled against the accused persons include fraudulent breach of trust, money laundering and conspiracy to commit crime.
Revocation of licence UniBank was one of the five indigenous banks whose licences were revoked by the BoG in August 2018 after the central bank declared them insolvent.The other banks were the BEIGE Bank, the Royal Bank, the Sovereign Bank and the Construction Bank.After revoking the licences of the five banks, the BoG merged them into one entity known as the Consolidated Bank Ghana (CBG).Prior to the revocation of the licences of […]