The Chief Executive Officer (CEO) of defunct Ideal Finance, Nii Kotei Dzani, has reportedly been arrested for misappropriation of some funds entrusted in his care.
According to Starr FM reports from reliable sources, he was picked up on Wednesday, November 20, 2019
The Council of State member was reportedly detained at the Ministries Police Station for some hours before being released on bail.
READ ALSO: Sex for Grades: UG finds Gyampo, Butakor guilty
Sources confirmed that he was arrested over the misappropriation of some GHC 1,000,000.00 entrusted to him during the operation of his financial outfit.
Sources within the Police service indicate that one of the clients of his collapsed Ideal Finance may have dragged the elected member of the Council of State to the Police in an attempt to retrieve monies owed him.
“We have granted him bail and we are investigating the case,” a top police official said.
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Meanwhile, the two University of Ghana lecturers fingered in the BBC documentary on Sex for Grades have been found guilty by the committee set up to investigate the scandal.
The lectures - Prof. Ransford Gymapo and Dr Paul Butakor - were found guilty of misconduct and the committee report recommended they appear before the University of Ghana’s Disciplinary committee for further actions.
A statement released by the university’s public affairs directorate stated that the committee found prima facie evidence of breaches of the University’s Code of Conduct and Statutes against the two lecturers.
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