First Allied deny ties with Kwesi Nyantakyi

First Allied deny ties with Kwesi Nyantakyi

- Management of First Allied have said rumors linking Nyantakyi to the company is affecting their operations

- The financial institution has denied any business association with the former GFA boss, Kwesi Nyantakyi

Management of First Allied Savings and Loans (FASL), have denied allegations that embattled Ghana Football Association President, Kwesi Nyantakyi is a shareholder of the company.

According to management of the financial institution, reports that Bank of Ghana has issued an order to freeze Mr Nyantakyi’s shares in the company are untrue.

The spokesperson for First Allied, Yaw Korankye speaking to Accra-based Adom FM revealed that false rumors linking Kwesi Nyantakyi with FASL is causing panic withdrawals from customers.

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“The rush went on for about three days before we realized that the rumors were fueling the stampede,” he said.

Yaw Korankye however noted that Kwesi Nyantakyi’s financial company is FSL, while theirs is FASL and the two have nothing in common.

The spokesperson stated that Kwesi Nyantakyi is not a shareholder at First Allied and BoG is not freezing any shares at the company, therefore customers should relax and know their money is safe.

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“Management of First Allied wishes to state that the stories are false and should be disregarded. Anybody in doubt can verify the institution’s ownership records from our regulator, the Bank of Ghana or the Registrar General’s Department,” he said.

The former GFA boss, Kwesi Nyantakyi is under police investigations for allegedly defrauding foreign investors by false pretense.

Mr Nyantakyi finally resigned his position as the GFA boss after investigative journalist, Anas exposed him in an undercover video negotiating fraudulent business deals using the name of President Akufo-Addo.

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