CID boss cited in Man Capital business as company is reported failing

CID boss cited in Man Capital business as company is reported failing

- The CID boss as a law enforcer has been cited as a person who could have a conflict of interest

- The clampdown of on financial institutions is a recent campaign by the Bank of Ghana

The head of Ghana's Criminal Investigations Department (CID), Tiwaa Addo-Danquah has been mentiond in a case of conflict of interest involving a financial institution she is involved with at the managerial level.

This issue, as reported by Mynewsgh.com involves Man Capital, a micro-finance company. The CID boss is confirmed as a forensic auditor and a director of the company.

The company is thought to be struggling to raise some monies due customers. As such multiple law suits gave been filed against the budding micro-finance company.

READ ALSO: Mahama's bodyguard allegedly punched out someone's teeth but victim denies

Man Capital and CID boss

Bank of Ghana. Photo credit: Gbcghana.com

The Bank of Ghana (BoG) has in recent times clamped down financial institutions in the name of rectifying irregularities. Multiple micro-finance companies have been reported to have very weak books.

Only a week ago, five banks were forced to merge by the central bank and they are to be known as Consolidated Bank of Ghana. These were Beige Bank, UniBank, The Construction Bank, Sovereign Bank and the Royal Bank.

In the case of Man Capital, it is reported that the company is deep in debts and might soon fold up. The fear is that a worst case scenario will cause anguish to many customers.

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The CID boss is not the only high-profile individual on the company's board. The board also includes former Minister of Tourism in the Rawlings-era, Mike Gizo.

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Source: Yen.com.gh

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