The high level of thievery by some staff contributed significantly towards the bank’s collapse-Prince Kofi Amoabeng.

Former CEO of default bank, UT Bank, Prince Kofi Amoabeng has revealed that the high level of thievery by some staff contributed significantly towards the bank’s collapse. Mr. Amoabeng during an interview alleged that several staffs who joined the financial institution were plain thieves who engaged in acts that compromised the bank’s financial health

The high level of thievery by some staff contributed significantly towards the bank’s collapse-Prince Kofi Amoabeng.

Life they say is not how you start it but how you end it. Social media was buzzing after a picture of Kofi Amoabeng who was the former Chief Executive Officer (CEO) of defunct UT Bank, the house had been seized by EOCO.

Well, sharing his orderly story he disclosed that, the high level of thievery by some staff contributed significantly towards the bank’s collapse.

Mr. Amoabeng during an interview alleged that several staffs who joined the financial institution were plain thieves who engaged in acts that compromised the bank’s financial health.

Adding up he said, some loans which including the ones disbursed to Ibrahim Mahama’s Dzata Cement Company and failure to pay it are some of the reasons that caused trouble for the bank.

However, Mr. Amoabeng said he never regretted his decision to advance such a loan facility to Dzata Cement, which belonged to former President Mahama’s brother.

On promises by former President Mahama to return collapsed banks to their owners if he wins the December polls, Mr. Amoabeng said such promises were not feasible, saying; “Such promises are only good for the ears”.