ATO ESSIEN BEGS TO REFUND ‘STOLEN’ MONEY

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 […]

SALE OF VEHICLES AND CHATTELS OF PREMIUM BANK AND HERITAGE BANK GHANA LIMITED (ALL IN RECEIVERSHIP)

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 […]

BANKING SECTOR CLEAN UP: SOME CUSTOMERS YET TO RECEIVE THEIR MONEY – ERIC NIPAH

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 […]

ATO ESSIEN’S NO-CASE APPLICATION: COURT TO RULE JULY 8

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 […]

BOG BOUNCES DUFFUOR, AMOABENG

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 […]

BOG REVOKED UNICREDIT’S LICENCE LAWFULLY

Court dismisses entire case as being without merit A Human Rights Court in Accra has ruled that the Bank of Ghana (BoG) followed due process in revoking the license of UniCredit. HODA Holdings Limited (HODA), the majority shareholder of uniCredit Ghana Limited (uniCredit), had filed a motion on notice for judicial review in the nature […]

AUCTION SALES! AUCTION SALES!! AUCTION SALES!!!

AUCTION SALES! AUCTION SALES!! AUCTION SALES!!! A consortium of Auctioneers (Wildos Mart, Broadway Mart, and Yakamata Mart) appointed by the Receiver of the resolved 347 Microfinance Companies (“MFIs”) and the 23 Savings & Loans and Finance House Companies (“S&Ls”) wishes to inform the general public of an auction sale of the chattels of the resolved […]