Police in India has arrested a Ghanaian drug baron, Adefule Michael has been arrested for his alleged involvement in the peddling of cocaine to students and customers at a 5-star hotel.
The 37-year-old got arrested with five other students near a spot called Secunderabad Club in West Zone. A Joint Commissioner of Police T Prabhakar Rao reveals they seized 48 grams of cocaine and 207 LSD (Lysergic acid diethylamide) “stamps” from their possession.
The accused were nabbed based on a tip-off. The students are Akshay Kannoli, Shishir Chauhan, Rahul Sunny, Kapish Agarwal and A Rohith Rao.
He came into contact with Michael, who is supplying cocaine and LSD drugs in Hyderabad, and started purchasing the drug from him for his own consumption before he started selling the LSD drug stamps for higher rates to needy students and customers.
Meanwhile, investigations show the Ghanaian, who stays in Sainikpuri came to India in 2012 on business Visa and started exporting clothes to Ghana from Mumbai and Hyderabad.
“The accused has been supplying drugs to top pubs and resorts located in Somajiguda, Jubilee Hills, Gachibowli and Shamirpet. In his confession, Adefule also confessed that on September 5 he supplied drugs to 2,500 youngsters, mostly students at a resort in Shamirpet,” the police said.
Credit :yen Ghana
BREAKING NEWS: BoG takes over Unibank
The Bank of Ghana has announced it has taken over the management of private bank, Unibank.
The Governor of the central bank explained at a press conference, the takeover is due to challenges facing the bank. He mentioned weak supervisory standards and weak operations as the cause of the challenges.
Ernest Addison said the bank, adjudged the 6thbest performing company in Ghana at the Ghana Club 100 awards in 2017, provided inaccurate data during the central bank’s effort to resolve the problems last year.
He assured depositors their money is safe, stressing “we are not liquidating the bank, we are saving it.”
The take-over comes weeks after Unibank announced it was taking over adb.
The top management of Unibank are Dr. Kwabena Duffuor II who is Chief Executive Officer, Ekow Nyarko Dadzie-Dennis Chief Operating Officer, Executive Director Owusu-Ansah Awere, Executive Clifford Duke Mettle, Director of Risk Management Kwesi Nkrumah Pimpah.
Photo: CEO Kwabena Duffour II was awarded the most enterprising young executive award in 2017.
The bank’s company secretary is Sylvia Assimeng-Archer, Executive Head of Treasury and Global Trade John Collins Arthur, Executive Head of Corporate Banking Elsie Dansoa Kyereh and Executive Head of Innovations and Business Execution Florence Ohene.
This executive management are expected to give way to new control, KPMG appointed by the central bank.
The bank was founded in 1997 by Kwabena Duffour who later became Finance minister under the Mills administration.
But after 20 years of private management, Kwabena Duffour who is a former Governor of the Bank of Ghana loses control of unibank to his former employers.
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