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– The Economic and Organised Crime Office (EOCO) has taken over a plush mansion belonging to former UT Bank Boss Kofi Amoabeng – The mansion is located at Kukurantumi in the Eastern Region – A notice placed on the gate of the house has directed the public to keep off the property as it was being investigated – This comes after the collapse of the UT Bank a few years ago.
A plush mansion belonging to the former UT Boss, Kofi Amoabeng, has been taken over by the EOCO and being investigated. The notice has been placed on the gate of the house warning the public to keep off because the building was under the care of the EOCO.
Per the information gathered by YEN.com.gh, the mansion is said to be situated at Kukurantumi in the East Akim District of the Eastern Region, where Amoabeng reportedly hails from.
A photo of the mansion’s gate displaying the EOCO warning. Photo credit: Mynewsgh.com. Source: Facebook He reportedly built the house about 15 years ago when his bank was thriving as one of Ghana’s best-performing banks.
We are keenly following up on this new development and we will inform our cherished readers when new information comes up. Meanwhile, Amoabeng, a former military officer, has been in the news for controversial reasons in recent times.
His bank collapsed in 2017 after it was declared insolvent by the central bank. It was then absorbed by the Ghana Commercial Bank together with all of its customers. The bank was described as one whose liabilities exceeded its assets.
It reportedly owed about 11 billion cedis in unpaid loans. The same was reported of Capital Bank owned by Pastor Mensah Otabil, but which also collapsed. The UT Bank reportedly plunged into its financial crisis when it gave out huge sums of loan to Ibrahim Mahama, a junior brother of former president Mahama, to start a business.
Amoabeng has constantly said he has not regretted giving that loan to Mahama.
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