Ghana Loses GHC7 Billion In Discontinuation Of Unibank Case – Former Attorney-General

Former Attorney-General Godfred Yeboah Dame has stated that Ghana lost a whopping GHC7 billion following the decision to discontinue the trial involving the defunct Unibank.

The Attorney-General, Dominic Ayine, last week entered a nolle prosequi in the state’s suit against Kwabena Duffour and seven others.

Dame has since called for an enquiry into the controversial decision.

“A careful analysis of all the cases discontinued by Dr. Ayine would show an abandonment of the pursuit of a total of over Seven Billion Ghana Cedis (GHC7,000,000,000), if one were to exclude the deal for GHC2 Billion that Ayine claims to have struck in the Unibank case. The Republic, through Dr. Ayine’s decision to discontinue the prosecution of the cases, has automatically lost this gargantuan amount.”

He asserted that Dr. Ayine, since his assumption of office, has not recovered a single Cedi in the Unibank matter contrary to his claims.

According to him, all the assets of the Duffuors, Unibank and related companies, as well as other persons being prosecuted with them, had already been identified by the Receivers of Unibank appointed by the Bank of Ghana.

“The Receiver already had a full list and profile of assets owned by them. Dr. Ayine should indicate to the public whether he or his team this year discovered any new assets owned by the Duffuors.”

“What he proposes to do, and for which he has already entered nolle prosequi, is to, in future, use some of the assets already identified by the Receiver to defray what he has unilaterally determined to be owed by the accused persons.

“Instructively, this arrangement is not pursued under any law. It is only pursuant to the exercise of Ayine’s power of nolle prosequi. Dr. Ayine, thus, cannot lay claim to recovering any more assets than what the Receiver already has. He also cannot claim to have recovered for the Republic any money from the accused persons this year.”

Source: https://opemsuo.com/author/hajara-fuseini/