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Duffour, son and 15 others sued over uniBank collapse

Dr. Duffour

The largest shareholder of defunct uniBank, Dr. Kwabena Duffour and 16 others including his son, alleged to be shareholders and interested parties have been dragged to the high court over the collapse of the bank.

Nii Amanor Dodoo, who is in receivership of the five collapsed banks – Beige Bank, Construction Bank, The Royal Bank, Sovereign Bank and UniBank, – to form the consolidated bank filed the suit Tuesday, September 4.

Mr. Dodoo wants the court to make a declaration that transactions in the then uniBank “resulting in the Unlawful Loans, the Unlawful Advances, and the acquisition of assets in the names of shareholders, their related interests and/or persons related to the shareholders, are unlawful”.

He is also praying the court to declare that directors of the bank acted in breach of their duties and should be liable for the collapse of the bank.

Read: BoG establishes Consolidated Bank for 5 distressed banks

Mr. Dodoo further wants the court to declare the shareholders jointly liable for the repayment of the amount of GHS 5,712,623,145 given to uniBank Ghana Ltd by the Bank of Ghana.

UniBank was in March 2018 placed under the administration of KPMG before the eventual takeover on August 1.

The receiver is also seeking “An order directing the Defendants to return and/or transfer all the assets mentioned in paragraphs 31 and 32 of the Statement of Claim, as well as all other assets identified in this matter to have been acquired with the funds unlawfully taken from uniBank Ghana Ltd to the Plaintiff;

“An order directing the Defendants to account to the Plaintiff for all advantages, benefits, gains and profits, derived from or obtained by virtue of assets referred to under relief (e)”.

The plaintiff in his suit prayed the court to direct the Inspector General of the Ghana Police Service and/or any other officer designated by the IGP “to take immediate steps and to do all necessary acts to assist the Registrar and/or officers of the Honourable Court to execute the orders of this Honourable Court pursuant to this application;

“An order appointing the Registrar and/or any other officer of the Honourable Court as receiver and manager of the Assets, pending the final determination of the action”.

Read also: Adongo walks out of “rubber stamp” enquiry into collapsed banks


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