Home / BREAKING NEWS / Otabil finally breaks silence on banking controversies

Otabil finally breaks silence on banking controversies

Dr. Otabil has so far remained silent on the matter, but has now opted to break his silence for the first time.

 

Founder and General Overseer of the International Central Gospel Church (ICGC), Dr. Mensa Otabil has opened up for the first time on his reported involvement in the collapse of the defunct Capital Bank.

The Pastor has come under the spotlight in the past week, following reports that he was aware about a GHc610 million liquidity support from the Bank of Ghana which was wrongly diverted into other businesses.

Dr. Otabil has so far remained silent on the matter, but has now opted to break his silence for the first time.

In a statement, the preacher said he was Board Chairman of the Capital Bank in a “non-executive role”.

He explained that “I was therefore not involved in the day-to-day management and operations of the Bank”.

Read the full statement below:

Press Release from Pastor Mensa Otabil

Re: Capital Bank And Related Matters

Greetings!

1. I have observed with concern, the ongoing media discussions regarding developments in the Banking Sector and my role either directly or indirectly.

2. I accepted to be Board Chairman of Capital Bank in a bid to help strengthen a promising Ghanaian enterprise that had potential but also challenges. I was excited about the prospects of a young man from a disadvantaged background who was daring to create opportunities and employment.

3. My position was a non-executive role. I was therefore not involved in the day-to-day management and operations of the Bank.

4. In the course of time, some decisions made turned out well while some did not turn out as well as had been anticipated. As far as I can tell, everything was done with the best of intentions and the interest of various stakeholders in mind.

5. My foremost concern, as has been the case over the past year, is for the well-being of those who lost their jobs and those who may have been adversely affected in any way as a result of these developments. My heart goes out to them and to their dependents. I continue to pray for God’s guidance and sustenance as they navigate the course of their lives.

6. Since the takeover of the bank exactly a year ago today, various mandated state institutions have been investigating and working to arrive at a comprehensive understanding of what happened, why it happened and who was responsible for what. I have been invited by EOCO and I have submitted myself to their processes and answered all their questions faithfully.

7. For some time now, many discussion platforms have made varied references to me and to my perceived role. Some have reached out to me for clarifications regarding issues that have been raised.  I have preferred not to respond in the public domain, not as an admission of guilt, but out of respect for the due process and the ongoing investigations.

8. Notwithstanding some unforeseen outcomes, I remain resolute in my belief in the Ghanaian and African entrepreneurial spirit. I will therefore continue to lend my support and mentorship to inspire others who dare to dream and work towards the promise of Africa’s growth and transformation.

9. Meanwhile, as a believer in the rule of law, I will continue to cooperate with the mandated institutions of state as they complete their investigations. I am confident that in the process, the national interest and the rights of all parties involved will be protected.

Shalom, peace and life to you.

Signed, Pastor Mensa Otabil. 14th August, 2018.

About HitzNation

Check Also

R2Bees – Site 15 (Official Video)

R2Bees – Site 15 (Official Video)   [DOWNLOAD VIDEO]    

Samini – Rainbow (Official Video)

Samini – Rainbow (Official Video) [DOWNLOAD VIDEO]

Donzy – How Far (Prod. By SimpsOnDaBeat)

Donzy – How Far (Prod. By SimpsOnDaBeat)

Pope Skinny – Wo Share

Brand new song by Asuoden God of Pope Skinny. Enjoy Below Pope Skinny – Wo …

Next To Be Release : Wiztag – Yurtin

Sensational Rapper Wiztag Set to Drop Another Great Banger Tagged Yurtin Dropping Soon

Menzgold saga: Zylofone FM, TV suspend services over EOCO asset freeze notice

Two of the media companies belonging to Nana Appiah Mensah, CEO of the failed gold …

Nigerian Lady allegedly bleeds to death after being used for ritual, Last chat with friends revealed!

There’s a trending ritual story making rounds in Benin City, Edo State.. and it involves …

People will leave Ghana in 2019 because of God’s blessings on Shatta Movement – Shatta Wale

Dancehall Artiste, Shatta Wale has said that people will have to leave Ghana this year …

DJ Asumadu becomes first Ghanaian DJ to be verified on Google

Solomon Asumadu Mensah also known as DJ Asumadu has become the first Ghanaian Disc Jockey …

Comedienne Maame Esi Reveals Why Rosemond Brown Blocked Her On Social Media

Wait a minute, has any of the several entertainers Rosemond Brown lied about ever sued …

I’m no more an angel but ‘Jesus Christ’ – Obinim

Bishop Daniel Obinim who is the founder of The God’s Way International Church has been …

5 reasons why Patapaa is 10 times bigger than Kuami Eugene

reasons why Patapaa is 10 times bigger than Kuami Eugene HitzNationgh.Com has been following with …

Forgive me, I didn’t mean to ridicule Patapaa – Kuami Eugene

Ghana’s ‘Rock Star,’ Kuami Eugene has rendered an apology to Patapaa and his fans for …

Asamoah Gyan has said he has been treated unfairly after it was wrongly reported Cristiano Ronaldo had become the first man to score at eight successive major tournaments.

Black Stars Captain, Asamoah Gyan Asamoah Gyan has said he has been treated unfairly after …

‘Forgive my son Nyantakyi’ – Wa-Naa begs Akufo-Addo

Overlord of Waala Traditional Area, Naa Fuseini Seidu Pelpuo IV The Overlord of Waala Traditional …