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Beige Bank was a cash cow — Witness
Another prosecution witness in the trial of the former Chief Executive Officer (CEO) of the erstwhile Beige Bank, Mike Nyinaku, will on...
Beige Bank collapse: Witness accuses Nyinaku of taking bank’s US$200,000 illegally
The first prosecution witness in the criminal trial of the former CEO and owner of defunct Beige Bank, Mike Nyinaku, has alleged...
Beige Bank case: More trouble for former CEO, Mike Nyinaku
The High Court hearing the criminal case against former CEO and owner of Beige Bank, Mike Nyinaku, has been told by the...
Defunct Beige Bank CEO’s trial adjourned over misunderstanding with lawyer
The Economic and Financial Crime Division of the High Court in Accra has adjourned the trial of former Chief Executive Officer of...
Defunct Beige Bank CEO siphoned over 10,000 deposits – Witness tells court
A Chartered Accountant with accounting and auditing firm, KPMG, Julius Ayivor, has told the Accra High Court that the former Chief Executive...
Beige Bank case: Witness gives evidence on ‘fictitious deals’
Julius Ayivor, a witness in the ongoing trial of Michael Nyinaku, Chief Executive Officer (CEO) of the defunct Beige Bank, has provided...
Beige Bank case: Court to conclude Case Management Conference today
Founder and CEO of the defunct Beige Bank, Michael Nyinaku, is expected back in court today, January 11, 2023, as the court...
Former Beige Bank CEO pleads not guilty to stealing ¢1.2bn, granted bail
Chief Executive Officer (CEO) of defunct Beige Bank, Michael Nyinaku, has pleaded not guilty to multiple charges of stealing and money laundering...
Former Beige Bank CEO charged with money laundering, theft
Former Chief Executive Officer (CEO) of Beige Bank Limited, Michael Henaku, has been charged with 44 counts of money laundering, fraudulent breach...
Former Beige Bank boss Michael Nyinaku files for bail
Lawyers for Michael Nyinaku, a former Managing Director of Beige Bank, who is being held for stealing and money laundering, have filed...
Defunct Beige Bank CEO Mike Nyinaku remanded into prison
Chief Executive Officer (CEO) of the defunct Beige Bank, one of the five financial institutions that were merged into Consolidated Bank Ghana...
Consolidated bank sacks over 400 former Beige bank staff
At least 400 workers of defunct Beige bank are set to exit the company from Monday (August 27, 2018) following a restructuring by the...
Collapse of Beige Bank: Witness accuses former CEO of making bank his ‘cash cow’
The first prosecution witness in the criminal case against the former Chief Executive Officer (CEO) and owner of the defunct Beige Bank,...
uniBank, UT collapse: Speaker to set up 7-member committee
The Speaker of Parliament, Alban Bagbin, is to set up a seven-member committee to look into a petition by a former Governor...
Court adjourns ex-Beige boss trial
The prosecution in the case involving Michael Nyinaku, former defunct Beige Capital boss on Wednesday prayed the court for more time to...
Sarkodie’s words to defunct UT Bank CEO, Kofi Amoabeng
Rapper Sarkodie has taken to Instagram to support his embattled friend, businessman and banker, Mr Prince Kofi Amoabeng after he was arrested...
We’ve started prosecuting those responsible for banking crisis – Akufo-Addo
President Nana Addo Dankwa Akufo-Addo, has said his government has begun prosecuting individuals believed to be responsible for the banking crisis.
Photos: Defunct UT Bank boss granted bail
Founder of the now-defunct UT Bank, Prince Kofi Amoabeng, has been granted bail, Adomonline.com can confirm.
Ato Essien, 3 others charged over Capital Bank collapse
Founder of defunct Capital Bank, William Ato Essien and three others; Tetteh Nettey, Fitzgerald Odonkor and Kate Quartey Papafio, have been charged...
Four auditors sanctioned over bank closures
Four auditing firms of the seven banks that collapsed in 2017 and 2018, have been sanctioned by the Institute of...
When will any local bank rise? Duncan-Williams laments
The
General Overseer of the Action Faith Chapel International has said it
troubles him that there is no indigenous bank that has...
Collapse of seven banks – 50 Directors, owners face court
The receivers of the seven failed banks have started legal proceedings against 50 directors and shareholders for their roles in the collapse...
Bank of Ghana releases list of licensed banks in Ghana
The Bank of Ghana has released a list of banks that are duly licensed and of good standing in the country.
The Central Bank is...
‘Banking sector not in crisis, it’s an exaggeration’ – Governor
Governor of the Central Bank, Dr Ernest Addison, has debunked suggestions that the banking sector is in crisis.
According to him, about 90% of industry...
Audio: Greedy bastards invested in collapsed banks – Ken Agyapong
Member of Parliament for Assin Central, Kennedy Ohene Agyapong has described those who invested in the collapsed banks as ‘greedy bastards’.
“No greedy person will...
Akufo-Addo breaks silence on banking rot [AUDIO]
President Addo Dankwa Akufo-Addo has spoken for the...
uniBank Receiver sues Duffours, others over GHS5bn
Mr Nii Amanor Dodoo, a Senior Partner of...
Teller, Cash Boy held after stealing 200K from Consolidated Bank
Two persons who allegedly conspired and stole an amount of GH¢200,000 from the Consolidated Bank Ghana Limited were on Tuesday put before an Accra...
Gov’t had ¢20bn plan to avert ‘needless’ bank collapse -Terkper
Former Finance Minister Seth Terkper has said steps taken by the Bank of Ghana that led to the collapse of seven banks could have...
Seize properties of collapsed banks’ managers – Ace Ankomah
A private legal practitioner, Ace Ankomah, has said the required legal backing for the recovery of depositors’ funds from the officials of the recently...
Fabewoso: BoG to blame for bank collapse [Video]
The Bank of Ghana cannot absolve itself from blame over the recent collapse of seven indigenous banks due to laxity on its part, Adom...
NDC will return collapsed banks to owners unless ‘tangible wrong’ established – MP
Bolgatanga Central Legislator, Isaac Adongo, has solidarised with shareholders of collapsed banks, explaining that the attempt to describe them as thieves was uncalled for...
Market confidence in UMB, CAL, Fidelity banks high
Three indigenous banks have assured the public that they have put in place strong corporate governance structures, efficient operating mechanisms and robust capital plans...
BOST Board Chairman resigns over collapse of Sovereign Bank
Board Chairman of the Bulk Oil Storage and Transportation Company (BOST) has resigned from office over the collapse of Sovereign Bank, one of five...
Give me back my bank – Duffour sues BOG
Former Governor of the Bank of Ghana and major shareholder of the defunct uniBank Ghana Limited, Dr Kwabena Duffuor, has sued the central bank...
We’ll go after bank fraudsters — Gov’t
The government has given a firm indication of its preparedness to hold persons involved in the unethical and criminal conduct in the banking sector...
OccupyGhana wants directors, shareholders of collapsed banks jailed [Audio]
Pressure group, OccupyGhana has joined a growing list of individuals and institutions calling for the prosecution of directors and shareholders of the seven collapsed...
Parliament to investigate collapse of 7 banks – Ato Forson
The Finance Committee of Parliament is set to open a full probe into the circumstances leading to the collapse of seven indigenous banks since...
AUDIO: Parliament to investigate collapse of 7 banks
The Finance Committee of Parliament is set to open a full probe into the circumstances leading to the collapse of seven indigenous banks since...
The banks did not fail, greed and recklessness must not go unpunished – Ken...
On August 2nd we woke up to 30 banks. When we went to bed a day before there were 34 banks. Five banks that...