Defunct Ideal Finance boss Nii Kotei Dzani arrested for blowing GHC 1m

Defunct Ideal Finance boss Nii Kotei Dzani arrested for blowing GHC 1m

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.

READ ALSO: Video: Chief goes on knees to beg Akufo-Addo to fix bad roads in Atebubu

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.

READ ALSO: Ghanaians reject Dumelo’s appeal to vote for Mahama

Ghana News Today: Ex-trotro driver becomes one of Legon's best graduating students | #Yencomgh

Subscribe to watch new videos

Have national and human interest issues to discuss? Know someone who is extremely talented and needs recognition? Your stories and photos are always welcome. Get interactive via our Facebook page.


Online view pixel