Some of the staff members of the now-defunct Capital and UT Banks, which were subsumed by GCB Bank, are now out of work after the bank laid them off.
The affected staff members were served with their letters of termination earlier this month and were told they would only receive one month’s salary to be kicked to the curb.
The Founder and General Overseer of the International Central Gospel Church (ICGC), Dr Mensa Otabil is back after the Ghc610 million Capital Bank scandal.
And he has this to say: a country with weak systems lack practical wisdom and he is damn right because if Ghana had strong and working systems, all the directors and board members of collapsed Capital Bank including himself wouldn’t be walking as free men for misappropriating Ghc610 million taxpayers money.
Some banks in Ghana took loans from Ghana Commercial Bank but couldn’t pay as promised hence making Ghana Commercial Bank collapse such banks and Capital Bank happens to be one of its victims.
Pastor Mensa Otabil, the founder of the International Central Gospel Church who was the chairman of the bank was said to have embezzled some funds of the bank.
The collapse of Capital Bank and it’s waste of taxpayer resources is set to be adjudicated in court after two plaintiffs sued the shareholders of the bank.
Dr Mensa Otabil, ICGC and 13 other shareholders of the now defunct bank are being sued for their role in its collapse and the subsequent waste of taxpayer funds meant to get the bank back on its feet.
The public’s confidence in Ghana’s banking sector has been completely destroyed in recent times. From collapsed banks to micro finance companies having to assault customers rather than paying them, it’s a very difficult time for the industry.
Jobs are being lost, people are losing money and worse of all, confidence is crumbling which if not arrested could have a ripple effect on the entire industry.
Actress Martha Ankomah has commented to the Mensa Otabil-Capital Bank saga and unfortunately she seems to be towing the line of the good religious Christian who is not allowed to raise any questions.
According to her, Otabil has been a good pastor and a ‘man of integrity’ and therefore she doesn’t see how he could have done what he’s accused of.
Board of Directors of the collapsed Capital Bank chaired by a prominent ‘man of God’, Dr Mensa Otabil managed to squander Ghc610 million taxpayers money granted to them by the Bank of Ghana and till now, absolutely nothing has been done to retrieve and punish those involved.
The Ghc610 million scandal has become one of those ‘foolish cases’ ─I mean it has gone down the drain obviously because those involved are ‘big’ untouchable men.
Board of Directors of the collapsed Capital Bank chaired by a prominent ‘man of God’, Dr Mensa Otabil managed to squander Ghc610 million taxpayers money granted to them by the Bank of Ghana and till now, absolutely nothing has been done to retrieve and punish those involved.
The Ghc610 million scandal has become one of those ‘foolish cases’ ─I mean it has gone down the drain obviously because those involved are ‘big’ untouchable men.
Joy Fm’s Mannasseh Azure Awuni has finally broken his ‘awkward’ silence on the Capital Bank Collapse saga and to nobody’s surprise, he’s in with a litany of excuses as to why he’s not said anything about his spiritual father’s scandal.
Not only does he defend his silence but Manasseh makes the case that Mensa Otabil has been unfairly treated by Ghanaians with some over the top allusions to ‘great men’ in history.
An old video of a sermon by Mensa Otabil probably explains why he managed to preside over the collapse of Capital Bank in such a nonchalant fashion and later remains remorseless over everything he’s done.
In the video, Otabil brags to his congregation that he knows nothing about banking but has been appointed board chairman of a bank.
Ghanaian Hiplife artiste, Trigmatic has stated without mincing words that he stands with the Founder and Leader of the International Christ Gospel Church (ICGC), Pastor Mensa Otabil in the misappropriation of the Ghc610 million taxpayers money by board members of Capital bank chaired by the man of God.
The rapper who was a guest on GhOne TV’s “CelebrityFanZone” show indicated that once Pastor Mensa Otabil hasn’t been fished out by any investigative body as to whether he was directly or indirectly involved in the misappropriation of the money granted to Capital bank by the Central Bank, there is no way he’s going to join the masses to call for his head.
Hilarious man of God, Prophet Kumchacha has slammed pastor Mensa Otabil for his negligence over the collapse of Capital Bank and also the ‘squandering’ of the Ghc610 million taxpayers money by the board of directors of the bank.
Prophet Kumchacha in an interview with Gatuso on Kasapa FM’s “Aben Wo Ha” show said;
Mensa Otabil released the most pathetic statement ever in response to the Capital Bank collapse and the revelations made in recent days about how the board of the bank squandered a Ghc 610m bailout from the Bank of Ghana.
In the statement, Otabil said he’s worried most about those who lost their jobs and reserved some prayers for them in their difficult times.
Pastor Mensa Otabil has finally broken his silence on the Capital Bank issue and unsurprisingly, he’s come armed with all the excuses in the world, refuses to take any responsibility and he’s adding in some religious language to soothe his legion of blind followers.
In a statement released by the preacher addressing the issue, he tries to separate himself from what happened by claiming he wasn’t involved with day to day running of the bank.
Afia Schwarzenegger is having the time of her life slamming the hypocritical followers of Dr Mensa Otabil, the alleged Capital Bank money chopper.
In a new post on Facebook, Afia laughs at followers of Otabil, who she says are at the same level of intellect as followers of Bishop Obinim.
