Company News of Thursday, 27 February 2020
The member of parliament for Bolgatanga Central Honourable Isaac Adongo has uncovered a damning shady moves getting cooked by the NPP Govt to market the Consolidated Bank to the Fidelity Financial institution.
He has fingered the Fidelity Lender as one particular of the companions of the NPP administration remaining used to carry out a “gimmick” orchestrated to defraud Ghanaians of billlions of Cedis.
The CBG is just a calendar year-outdated but in accordance to Hon. Adongo there is a grand machination by the Akufo Addo administration to hand around the Financial institution to the Fidelity Bank.
The position member of Parliaments finance committee discovered on Tuesday that the consolidated Financial institution, which was born out of the closure of 5 indigenous banking companies, is on its way into the palms of fidelity Bank, in a sweetheart offer cooked by the finance ministry.
At a discussion board in Accra organised by the plan Feel Tank, Coalition For Restoration, HonAdongo enumerated some fishy transactions the Lender has concerned itself in and warned the NDC will permit them to account for all its dealings with the Akufo Addo administration.
“A further thing the Fidelity Lender is doing is that Am conscious they have been made available the chance to by the CBG financial institution,” he stated. “The Bank whose owners are in court trying to get redress to acquire back their home, you are conniving with Govt to consider more than their asset. “You do it at your have risk due to the fact the wheels of justice grind but bit by bit, but the Justice of the condition can change at any time in favour of the push.”
The consolidated Bank arrived into getting in 2018 subsequent the closure of the Sovereign Financial institution, Royal Financial institution, The Beige Financial institution, Design Financial institution and Unibank.
In his presentation at the Kama Conference Centre on Tuesday, the chartered accountant reiterated his assert that the closure of the five financial institutions to create the consolidated Financial institution was a go backed by fraudulent intent.
He warned that the Fidelity Financial institution will be built to account for every single fishy deal it enters with the Authorities of Ghana when the NDC comes to ability.
“I want to provide caution to Fidelity Financial institution that when you select to deal with Goverment finances you will have to be ready to account,” he reported.
“As we discuss right now livelihoods have blocked, employment have been misplaced and the the very least that Nana Akufo Addo and Ken Ofori Atta can do is to spare us this gimmick of relying on Fidelity Financial institution to do anythging that is incorrect with the Banking sector simply because at the suitable time the wheel of justice gain.”
The NDC experienced on numerous instances criticised the Government’s move to close people financial establishments, who desired a small support to from federal government to endure.
But the Financial institution of Ghana disagreed, stating these financial institutions had been outside of rehabilitation.