Former President John Kufuor and his family have been known as among a long list of world leaders who kept top-secret bank accounts over a Panamanian law firm.
The firm, Mossack Fonseca, is at the center of vast data leak revealing the financial secrets of many of the world’s selected. The seep out documents, known now as the Panama Papers, references the eldest son of former President Kufuor – John Addo Kufuor as the chief operational in an organization controlling 1000 of dollars with his mother, Kufuor as one of the known recipients.
According to the statement, in early 2001, just after the start of his father’s 1st presidential term, Kufuor employed Mossack Fonseca to achieve The Excel 2000 Trust. After that year, it exact a bank account in Panama worth $75,000.
In November 2010, a worker of Mossack Fonseca’s submission office in the British Virgin Islands recommended to colleagues that “due to the actual frequency of corruption surrounding Mr. Kufuor we would not indorse us taking him on as a customer or ongoing business with him.”
It has also been discovered that companies being worked by young Kufuor became lazy in 2004 and 2007, together times when Ghana was organizing for elections.
In 2012, Kufuor Jnr. inquired Mossack Fonseca to near the trust. Files also related Kufuor with BVI companies Fordiant Ltd and Stamford International Investments Group Limited. Both were recorded when Kufuor’s father was president of Ghana and converted inactive in 2004 and 2007.
Mr. Kufuor did not reply to repeated requests for comment when investigators talk to him.
Throughout 2005, local media in Ghana described allegations that the former president gained beneficial government contracts, and private sector business contracts through parental connections. An official commission later found no indication of wrongdoing.
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.
Gossip7 days ago
PHOTO: Kuami Eugene Shows Off His Big ‘BANANA’ And It’s Causing “Confusion”
Entertainment3 days ago
These Are The Richest People In Ghana
PHOTO6 days ago
The Shock on Sarkodie & Kwaw Kese’s Face when The visited Kwame Despite’s mansion in Kumasi
Gossip6 days ago
Exposed! Shatta Wale Lied About the New Zylofon Mansion – See Prove
Gossip6 days ago
Shatta Wale is One!! Ghanaian musicians are ‘Hypocrites’ – Bullet
PHOTO6 days ago
Sarkodie Buys And Drinks Coconut On The Roadside (PHOTO)