BoG speaks on UT Bank founder, Kofi Amoabeng, Beige Bank CEO, Mike Nyinaku's arrest

BY PRIMENEWSGHANA.COM - Jan 15, 2020 at 2:46pm 100

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The Bank of Ghana, BoG says they are hopeful that the prosecution of UT Bank founder, Kofi Amoabeng and Beige Bank CEO, Mike Nyinaku will be seen to its legal conclusion.

Speaking after the two were arrested and put before the court yesterday, the second Deputy Governor for BoG Elsie Awadzi said they will work with all relevant state institutions in the prosecution of UT Bank founder, Kofi Amoabeng and Beige Bank CEO, Mike Nyinaku.

According to her, after they finished the banking sector cleanup exercise they have submitted all relevant information to the law enforcement agencies to conduct their investigations.

She added that law enforcement agencies are expected to do the needful if they find any criminal implication in the conduct of those involved.

"We have always said after we completed the cleanup exercise that we have passed on all relevant information to the law enforcement agencies and we expected them to conduct their own investigations, and proceed to do the needful if they found any behaviour to have had any criminal implications, so I believe what we saw yesterday was in line with what the law enforcement authorities may have found...," she said in an interview with Citi FM.

UT Bank founder, Kofi Amoabeng

Accra Circuit court yesterday granted bail to the President of UT Holdings, Prince Kofi Amoabeng.