Banking sector clean-up: Mensa Otabil, 47 others to be dragged to court

Banking sector clean-up: Mensa Otabil, 47 others to be dragged to court

- Dr. Richmond Attuahene has disclosed that 47 more Directors of the collapsed financial institutions would be put before court

- According to him, apart from the four that have been put before the court and granted bail, others are in line to also appear before the court for various financial malpractices

- He also charged the government to arrest Dr. Paa Kwesi Nduom if acts of money laundering are found in his line of business

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A financial consultant and a former lecturer at the Ghana Banking College, Dr. Richmond Attuahene, has disclosed that 47 more Directors of the collapsed financial institutions would be put before court.

According to Dr Attuahene, apart from the four that have been put before the court and granted bail, others are in line to also appear before the court for various financial malfeasance.

Speaking on Okay FM’s 'Ade Akye Abia' program, he explained those other Directors including; Dr. Paa Kwesi Nduom and Pastor Mensa Otabil are all expected to appear before the court.

READ ALSO: Importation of vehicles cannot be banned in Ghana– John Dumelo

"The government has assured us of putting all the Directors before the court to be able to retrieve customers' funds and also be able to safeguard funds of government that were wrongly invested by these Directors, so we are waiting for the appropriate action to be taken," he said.

He also charged the government to arrest Dr. Paa Kwesi Nduom if acts of money laundering are found in his line of business.

In other news, actor, entrepreneur and budding politician, John Dumelo has stated that placing a ban on the importation of vehicles into the country would be impossible.

READ ALSO: Law School Brouhaha: We need quality, not quantity - CJ tells students

His comment follows a conversation trend he started on social media platform, Twitter, asking his followers what they thought was the best way to reduce unemployment in Ghana.

In response, a tweet suggested to him that there should be a ban on the importation of foreign vehicles adding that government partners with manufacturers of Kantanka Automobiles as well as establish workshops in all constituencies in Ghana to enable mass production.

He was, however, quick to add that cars manufactured in Ghana must be competitive to survive in the market.

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Source: Yen.com.gh

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