Ecobank Ghana reacts to GHc4M judgement debt allegation; still in business
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Ecobank Ghana reacts to GHc4M judgement debt allegation; still in business

- Ecobank Ghana Limited has denied reports of an attempted seizure of its assets on Tuesday, July 21, 2020

- It added that reports of a GHc4 million judgement debt and its GHc10 million interest are untrue

- The bank informed its customers that it remains compliant with all regulations and is still open for business

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Ecobank Ghana Limited has reacted to allegations of a GHc4 million judgement debt that reportedly accrued interest of GHc10 million from the year 2015.

The bank denied that there was an attempt to seize its assets due to a debt it owed to a private entity.

The statements from the bank followed a report of an attempted seizure of its assets on Tuesday, July 21, 2020.

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The seizure, graphic.com.gh reports, was as a result of a fraudulent act committed in relation to a loan.

YEN.com.gh understands police officials stormed the bank’s head office to assist bailiffs to execute a writ.

The bailiffs have been identified as Mike Agbemashior, George Tykhonov, and Yury Shelkov.

Information available shows the bank has been ordered to pay GHc4 million with an accrued interest of GHc10 million dating back to 2015 to Yuri M Plastics, the fourth defendant in the case.

It has been gathered that the Ecobank claims no such levies have been issued against it. It denied the story and indicated that it is open for business.

Ecobank Ghana reacts to Ghc4m judgement debt allegation; still in business

Source: kasapafmonline.com
Source: UGC

The bank further indicated that all stakeholders and the general public should rest assured that it is fully compliant with all legal and regulatory directives.

In other news, the Bank of Ghana (BoG) has been slapped with GHc2,000 cost by the Court of Appeal.

This comes after the court dismissed its case against HODA Holdings after UniCredit Savings and Loans’ licence had been revoked.

HODA Holdings, the parent company of uniCredit Savings and Loans, then took the BoG to court to challenge the revocation of the licence.

READ ALSO: We did not collapse banks owned by Duffuor and Nduom - Danquah Institute

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Source: Yen.com.gh

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