Former Chief Executive Officer (CEO) of defunct UT Bank, Mr Prince Kofi Amoabeng, says former President Mahama’s promise to return collapsed banks to their owners if he wins the December 7 elections, are not feasible.
Mr Amoabeng in a media interview in Accra emphasized that such promises are only good for the ears.
Mr Amoabeng cited loans including the ones disbursed to Ibrahim Mahama’s Dzata Cement Company and failure to pay it as some of the reasons that caused trouble for the bank.
When asked whether or not he anticipated a takeover due to the non-performing loans, Mr Amoabeng answered in the negative, saying; “I knew the baby was sick to the point that I had to step out for another person to step in as CEO to restructure it.
“I wasn’t expecting the baby to die because of the brand we had created and the impact it was having on the national economy”, he stated.
Mr. Amoabeng further revealed that acts of thievery by some staff also played a role in the bank’s liquidation.