Defunct UT Bank founder and CEO, Prince Kofi Amoabeng says he is not scared of the charges of financial malfeasance brought against him by the state, and believes the state’s decision is a right step.
The Bank of Ghana (BoG) declared UT Bank insolvent after it failed to meet the minimum capital requirement.
A statement by the BoG said;
“Despite repeated agreements between the Bank of Ghana and UT Bank and Capital Bank to implement an action plan to address these significant shortfalls, the owners and managers of UT Bank and Capital Bank were unable to increase the capital of the banks to address the insolvency.”
He emphasized that, He agree with that completely. Only that the court process is a bit slow but you have to endure it. So, eventually, whether I’m guilty or not will come out.