The Speaker of Parliament Rt. Hon. Alban Bagbin has proposed a seven-member committee to probe the collapse of UT Bank and uniBank.
He proposed the committee after two separate petitions from the original owners of the banks, Mr. Prince Kofi Amoabeng and Dr. Kwabena Duffour were read before the House by Bawku Central MP, Mahama Ayariga on Tuesday, March 23, 2021.
The two petitioned Parliament to investigate the conduct of the Bank of Ghana and the Ghana Stock Exchange for revoking the license of UT Bank as well as uniBank and delisting them from the country’s stock exchange.
The Minority and Majority MPs have until March 31, 2021, to present names of members to constitute the committee.
Mr. Amoabeng has asked Parliament to investigate the conduct of the Bank of Ghana and the Ghana Stock Exchange for the revocation of UT Bank’s license and delisting the bank without due regard to the rules of Administrative Justice guaranteed under article 23 of the 1992 Constitution.
He also wants Parliament to direct the restoration of the banking license of UT Bank Limited by the Bank of Ghana and the remedying of the harms done to the shareholders’ property rights as a result of the conduct of the Bank of Ghana and also give any other directives that Parliament may deem appropriate.
Dr. Duffour is also asking the house to investigate the “take over appointment of an Official Administrator of uniBank Ghana Limited”.
He is also asking the House to remedy the “harm” done to the shareholders.
On his part, Dr. Duffour wants Parliament to investigate the conduct of the Bank of Ghana in the takeover, the appointment of an Official Administrator of uniBank Ghana Limited, and the circumstances of the revocation of the banking license of uniBank Ghana Limited;
He further wants the House to direct the restoration of the banking license of uniBank Ghana Limited by the Bank of Ghana and the remedying of the harms done to the shareholders’ property rights as a result of the conduct of the Bank of Ghana and also give any other directives that Parliament may deem appropriate.
By: Rainbowradioonline.com
