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BusinessHeadlines

Bank crisis: I remain resolute to inspire others – Otabil

Starrfm.com.gh By Starrfm.com.gh Published August 14, 2018
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Pastor Mensa Otabil
Pastor Mensa Otabil
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Pastor Mensa Otabil, who was the board chairman of the defunct Capital Bank, has said he will continue to inspire daring persons to realize their dreams, despite the chaos in the banking sector.

The International Central Gospel Church (ICGC) founder has been the toast of social media pundits who are either calling for his head or standing by him in the wake of massive cleansing in the banking sector by the Central Bank.

In a statement on the ongoing development, Dr. Otabil for the first time admitted some decisions “did not turn out as well as had been anticipated” when Capital Bank was in operation, however, he stressed he was not in charge of the daily “management and operations of the Bank.”

However, he noted: “As far as I can tell, everything was done with the best of intentions and the interest of various stakeholders in mind.”

Describing the collapse of the bank as “unforeseen outcomes,” the preacher emphasized: “I remain resolute in my belief in the Ghanaian and African entrepreneurial spirit. I will therefore continue to lend my support and mentorship to inspire others who dare to dream and work towards the promise of Africa’s growth and transformation.”

The motivational speaker also disclosed he has been cooperating with investigative bodies such as the Economic and Organised Crime Office (EOCO) over the matter and is optimistic “the national interest and the rights of all parties involved will be protected.”

“Since the takeover of the bank exactly a year ago today, various mandated state institutions have been investigating and working to arrive at a comprehensive understanding of what happened, why it happened and who was responsible for what. I have been invited by EOCO and I have submitted myself to their processes and answered all their questions faithfully.

“Meanwhile, as a believer in the rule of law, I will continue to cooperate with the mandated institutions of state as they complete their investigations. I am confident that in the process, the national interest and the rights of all parties involved will be protected,” Dr. Otabil pointed out.

Pastor Otabil noted his “foremost concern, as has been the case over the past year, is for the well-being of those who lost their jobs and those who may have been adversely affected in any way as a result of these developments. My heart goes out to them and to their dependents. I continue to pray for God’s guidance and sustenance as they navigate the course of their lives.”

Capital and UT banks were shut down a year ago today, August 14, 2017 over alleged breaches of banking regulations and malpractices. The Bank of Ghana a few weeks ago, revoked the licenses of five other banks – uniBank, Sovereign, Royal, Construction and Beige banks – and amalgamated them into The Consolidated Bank of Ghana.

Source: Ghana/Starrfmonline.com/103.5FM

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