{"id":413831,"date":"2018-03-28T06:28:08","date_gmt":"2018-03-28T06:28:08","guid":{"rendered":"http:\/\/citifmonline.com\/?p=413831"},"modified":"2018-03-28T14:09:16","modified_gmt":"2018-03-28T14:09:16","slug":"eoco-invites-ut-capital-bank-directors-collapse","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2018\/03\/eoco-invites-ut-capital-bank-directors-collapse\/","title":{"rendered":"EOCO invites UT, Capital Bank directors over collapse"},"content":{"rendered":"

Former Directors of defunct UT Bank will this morning [Wednesday], appear before the Economic and Organized Crime Office (EOCO) to answer questions on their roles in the bank\u2019s collapse.<\/p>\n

This follows findings of an investigative report on the collapse of the bank which was submitted to the Bank of Ghana.<\/p>\n

[contextly_sidebar id=”FZ8VxrNxWRPy0EthCAuI3LqorL5OcTX0″]Former Directors of Capital Bank which also collapsed alongside UT Bank will also appear before the EOCO next Wednesday.<\/p>\n

The Bank of Ghana in August 2017, revoked the licences of UT and Capital Banks. The two banks were subsequently handed over to GCB Bank.<\/p>\n

The liabilities of the two banks, according to the central bank, overwhelmed their assets, leaving the BoG with no option but to undertake a purchase and assumption transaction as the least costly method of dealing with a collapse.<\/p>\n

Citi News<\/strong> also understands that Managers of uniBank which was recently taken over by the BoG with KPMG as the administrator, will also be invited by EOCO in due course.<\/p>\n

–
\nBy: Sammi Wiafe\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"

Former Directors of defunct UT Bank will this morning [Wednesday], appear before the Economic and Organized Crime Office (EOCO) to answer questions on their roles in the bank\u2019s collapse. This follows findings of an investigative report on the collapse of the bank which was submitted to the Bank of Ghana. [contextly_sidebar id=”FZ8VxrNxWRPy0EthCAuI3LqorL5OcTX0″]Former Directors of Capital […]<\/p>\n","protected":false},"author":5,"featured_media":398547,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,11],"tags":[372,3,10177],"yoast_head":"\nEOCO invites UT, Capital Bank directors over collapse - Citi 97.3 FM - Relevant Radio. Always<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/citifmonline.com\/2018\/03\/eoco-invites-ut-capital-bank-directors-collapse\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EOCO invites UT, Capital Bank directors over collapse - Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"og:description\" content=\"Former Directors of defunct UT Bank will this morning [Wednesday], appear before the Economic and Organized Crime Office (EOCO) to answer questions on their roles in the bank\u2019s collapse. This follows findings of an investigative report on the collapse of the bank which was submitted to the Bank of Ghana. [contextly_sidebar id=”FZ8VxrNxWRPy0EthCAuI3LqorL5OcTX0″]Former Directors of Capital […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/citifmonline.com\/2018\/03\/eoco-invites-ut-capital-bank-directors-collapse\/\" \/>\n<meta property=\"og:site_name\" content=\"Citi 97.3 FM - Relevant Radio. 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