I won’t honour your invitation – Duffuor to SIT; insists on court process

Common Information of Sunday, 19 January 2020

Resource: classfmonline.com

Former Finance Minister Dr Kwabena DuffuorPrevious Finance Minister Dr Kwabena

Previous Finance Minister Dr Kwabena Duffuor has mentioned he will not the of the Distinctive Investigative Crew (SIT) which is probing the collapse of uniBank – which he founded.

The previous Governor of the Lender of Ghana has also asked the head of the SIT, COP Edward Tabriri, to quit threatening to lead to his arrest, detention and hurried arraignment on non-existent and frivolous costs and somewhat urged him to comply with thanks method so they can slug it out in courtroom.

Dr Duffuor’s injunction application filed at the Higher Courtroom, according to The Heritage newspaper, indicates that the uniBank founder, possessing initiated a fit in opposition to the Financial institution of Ghana in August 2018 above the revocation of the bank’s licence, declined the invitation of the SIT and as a substitute prompted his attorney to generate to the staff trying to get clarification and further detail regarding the claimed invitation mainly since, as of the time of the revocation of the bank’s licence, Dr Duffuor was neither included in the management of the financial institution nor was he a Board member due to the fact 2009 and, as a result, fails to see how he could be of beneficial help to the SIT’s probe of the 2018 collapse of the financial institution.

Right after getting initiated a match from the central financial institution for this quite exact same purpose, Dr Duffuor’s law firm, Mr Simon Animley, explained he thinks that the appropriate solution would be to wait around right up until the remaining willpower of the mentioned match, which is pending in courtroom, and not try to circumvent the law by inviting him above in a bid to embarrass and humiliate him.

On 1 August 2018, the Financial institution of Ghana, revoked the licence of the largest indigenous lender in the place.

Two times afterwards, the shareholders of uniBank wrote to the Financial institution of Ghana, requesting a copy of the KPMG report upon which the conclusion was taken.

The Bank of Ghana, in a letter dated 13 August 2018, declined the request for the launch of the report to the shareholders, which led to the shareholders heading to court to seek out redress against the Financial institution of Ghana for what they understand to be the wrongful revocation of the licence of their lender.

Considering the fact that that go well with was initiated, there has been no immediate conversation among the the get-togethers, except representations in court docket.

Leave a Reply

Your email address will not be published. Required fields are marked *