Akufo-Addo’s administration chasing Ghana’s share of Airbus scandal compensation

Akufo-Addo’s administration chasing Ghana’s share of Airbus scandal compensation

- The aircraft manufacturer has been fined $3.9 billion after admitted bribing international actors to smoothen its operations

- Ghana is expected to get about $30million of the fine as compensation

- Former president John Dramani Mahama had been identified as government official one in the scandal

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The Akufo-Addo administration has begun moves to have Ghana’s share of the Airbus scandal compensation repatriated, YEN.com.gh can report.

Airbus was fined about $3.9 billion in reimbursement after admitting it had for years engaged in bribery to smoothen its operations.

YEN.com.gh understands that Ghana is entitled to about $30 million of the fine.

Akufo-Addo’s administration chasing Ghana’s share of the Airbus scandal compensation

Akufo-Addo’s administration chasing Ghana’s share of the Airbus scandal compensation Source: Facebook|Nana Akufo-Addo|John Dramani Mahama
Source: UGC

The Akufo-Addo administration has been engaging an international law firm since June this year to facilitate the repatriation of the country’s share of the compensation.

Information Minister, Kojo Oppong Nkrumah, confirmed the development to journalists in Accra on Thursday, December 2, 2020.

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He said any share of the fines recovered would be used wholly to improve the country’s anti-corruption fight.

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The West African country was also working together with international investigators to punish the orchestrators of the scandal.

The presidential candidate of the National Democratic Congress (NDC), John Dramani Mahama, had been cited as the mysterious ‘government official one’ in the scandal.

The former president reportedly used his brother to receive Ghana’s share of the bribes.

UK's Serious Fraud Office (SFO), in documents sent to court, quoted at least five million Euros as payment of kickbacks to a top Ghanaian official through an intermediary who is a close relative of “a high-ranking elected Ghanaian government official” during the Mahama administration.

In a separate development, Mahama on Thursday promised to pay the locked principals of Menzgold customers if he’s elected president of Ghana in the December 7 elections.

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The Securities and Exchanges Commission (SEC) shut down the gold dealership firm in 2018.

The firm was trading in gold collectibles with guaranteed returns to clients which constitutes, in essence, dealing in securities with neither the necessary license nor disclosures authorised by the Commission.

Earlier this year, the embattled gold dealership firm began repaying the locked of funds of its customers only to halt the exercise with days.

The suspension of the payment was because the CEO of the defunct company was traumatised following the picketing at his private residence by some of the aggrieved clients on Wednesday, January 8, 2020.

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Source: Yen.com.gh

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