Banking crisis: Ato Essien willing to refund GHC27.5 million to state

Banking crisis: Ato Essien willing to refund GHC27.5 million to state

- William Ato Essien, is standing trial for allegedly collapsing Capital Bank

- He told the Accra High Court through his lawyers that he is willing to refund GH¢27.5 million back to the state

- Mr. Essien had already paid GH¢1.4 million of the GH¢27.5 million to the state

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The founder of the now-defunct Capital Bank, William Ato Essien, has told an Accra High Court, through his lawyers, that he is willing to refund GHC27.5 million to the state.

According to the embattled banker, he is ready and willing to to pay GHC27.5million to the state provided some of the charges levelled against him in connection to the collapse of Capital Bank are dropped.

On Thursday, May 21, 2020, his lawyer, Baffour Gyewu Bonsu told the court that his client had already refunded GHC1.4 million of the GHC27.5 million to the state.

Banking crisis: Ato Essien willing to refund GHC27.5 million to state
William Ato Essien is founder of defunct Capital Bank. Source:
Source: UGC

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Lawyer Gyewu Bonsu also noted that his client had also returned some 19 newly-cleared cars to the state.

Although Chief State Attorney Mrs Mariana Appiah Oppong confirmed that state was in talks with Mr Essien and his legal team over the refund, she asked that the defence lawyers provide a detailed proposal to the Director for Public Prosecution (DPP) for review.

Mr Essien’s lawyers have up to a month to do that.

Justice Kyei-Baffour, therefore, adjourned the case to 18 June 2020.

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Mr. Ato Essien and three others - Rev. Fitzgerald Odonkor, MD of the defunct Capital Bank, Kate Quartey Papafio, a businesswoman and Tettey Nettey are said to have stolen, conspired to steal or laundered more than GHS220 million belonging to Capital Bank, which, among other things, led to its collapse.

They are facing 26 counts in all. earlier reported that the paramount queen of Okuapeman has allegedly rejected a truckload of 62 sheep and other items including money from government officials to drop a dispute.

According to Joy News, the said donation to Nana Obuo Nketiaa is to settle a dispute between her and the newly enstooled Paramount chief of the area.

The queen mother who is opposed to the legitimacy of the newly installed Okuapehene, Oseadeeyo Kwasi Akuffo II reportedly refused to acknowledge him or foster a relationship with the chief.

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