unibank Archives - Wontumi Online

02 May

I Still Have Confidence In My Son Despite Collapse Of Unibank – Duffuor

wontumionlineBusinessDr. Kwabena Duffuor, unibank

Former Finance Minister Dr Kwabena Duffuor has said he still has confidence in his son Kwabena Duffuor Jnr. who was managing Unibank until the collapse. He believed that the bank was doing well under the management of Duffuor Jnr. Unibank was among the domestic banks that collapsed during the financial sector clean up exercise undertaken by the Bank of Ghana (BoG). Dr Kwabena Duffuor said he did not feel slighted by the system after the businesses failed. “I don’t think so,” Dr Duffuor told TV3’s Paa Kwasi Asare in an interview when asked whether he felt slighted by the system.…

Unibank Criminal Case Enters New Phase

wontumionlineBusinessunibank

The ongoing trial of Dr. Kwabena Duffuor and several other accused persons in the matter of the Republic versus Unibank has entered a new phase with the testimony of the Receiver of Unibank, Nii Amanor Dodoo. The case involves charges of fraudulent breach of trust, money laundering and other related offences. At the time the licence of Unibank was revoked, an amount of GH¢5.7billion had been dishonestly appropriated by shareholders with the connivance and assistance of some of the accused persons, according to the Receiver’s testimony. The Bank of Ghana (BoG), in a statement following the most recent adjournment of the case…

BoG’s Appointment Of Nii Amanor Dodoo To Act As Receiver Of Unibank Was Correct – Court Of Appeal

wontumionlineBusinessBoG, unibank

The Court of Appeal has, today Thursday, 1 December, held that the High Court was wrong in deciding that Bank of Ghana’s decision to appoint Nii Amanor Dodoo as Receiver of uniBank was wrong. It is recalled that, in the civil case to recover over GHS 5.7 Billion from Dr, Kwabena Duffuor and the other defendants, the High Court granted an application by Dr. Kwabena Duffour and the other defendants, and struck out the Receiver’s case against them. This was based on the argument that Nii Amanor Dodoo should not have accepted Bank of Ghana’s appointment as Receiver of uniBank,…