Two senior officers of the defunct uniBank are in trouble over the collapse of the bank with one arrested by the police.
Mr. Ekow Nyarko Dadzie-Daniels, a Chief Operating Officer of the defunct uniBank is in police custody for allegedly collecting GHc28 million from customers of the bank, ostensibly for fixed deposit investments with the bank.
The Special Investigative Team (SIT) of the Ghana Police Service are also on the heels of a former Executive Director, Mr. Owusu Ansere Awere, for allegedly transferring shares valued at GHc57 million purchased by the bank in WAICA Re, a West African reinsurance company with the head office in Sierra Leone, to HODA Holdings in June 2017 without authorisation.
The closure of the indigenously owned bank by the Bank of Ghana (BoG), in August 2018, followed a report by KPMG which reported the bank had a capital deficit of GHc7.4 billion compared to a regulatory requirement of GHc400 million. Its liabilities had exceeded assets by 248 percent; and liquid assets represented just two percent of the bank’s total assets showing the bank had difficulty meeting its payment obligations prior to the dissolution.
The bank’s shareholder, Dr. Kwabena Duffuor a former finance minister had gone to court to challenge the revocation of the bank’s licence pointing out the substantial debts the government owed the bank and procurement of an international loan to boost the bank’s reserves but it was acquired by the Consolidated Bank.