- Assets of Council of state member Kotei Dzani have been frozen
- The reasons for the freeze of the assets is to find a way of retrieving funds from him to pay back customers whose funds are locked up in his collapsed financial institutions
- Our manifesto: This is what YEN.com.gh believes in
The Economic and Organized Crime Office (EOCO) has frozen assets of Council of State member Nii Kotei Dzani.
According to a report by Class FM, the assets frozen include; 41 bank accounts of Ideal Finance, Mr. Dzani’s landed properties and vehicles.
Mr. Kotei Dzani was a director of the defunct Ideal Finance.
Citi News also revealed that the Council of State member’s assets have been frozen because of his involvement in the collapse of two financial institutions.
Also among the reasons for the freeze of the assets is to find a way of retrieving funds from Mr. Dzani to pay back customers whose funds are locked up with the defunct Ideal Finance.
The funds are alleged to be in excess of GHC 700 million.
Meanwhile, EOCO had invited Nii Kotei Dzani for questioning on three allegations: paying GHS23 million to a client, allegedly stealing a 200-acre land from Ideal Finance, and unlawfully using Ideal Finance funds to build ‘Camp Tsaetse’, a resort in Ada.
This was upon a referral from the Receiver for Ideal Finance.
A High Court had dismissed an application filed by Mr Dzani to stop EOCO from investigating him over the collapse of Ideal Finance.
Mr Dzani had argued that EOCO was essentially harassing him in a way that made ‘nonsense’ of his status as a member of the council of state.
But the court presided over by Justice Afia Serwah Asare Botwe, ruled in favour of EOCO that its dealings with Mr Dzani have been fair and at all times acted within the mandate of its establishing law.
YEN.com.gh earlier reported that the police are investigating the cause of the near-fatal accident involving the Minority Chief Whip of Parliament, Muntaka Mubarak and his deputy, Ahmed Ibrahim on Saturday, February 15, 2020.
The two minority MPs were involved in an accident at Kubease near Konongo on the Kumasi-Accra road.
The parliamentarians were traveling to Sunyani in the Brong Ahafo Region for a funeral when the accident occurred.
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