The Kwahumanhene, Daasebre Akuamoah Agyapong II has resigned as the Board Chairman of the Agricultural Development Bank (ADB).
The resignation which takes immediate effect follows a directive by the Bank of Ghana (BoG) over allegations of GH₵2M extortion.
In a press release to officially announce the resignation, ADB lauded Daasebre Agyapong II for spearheading strategies that placed the bank on a solid footing for growth.
A customer of the Bank, Collins Darkwa petitioned the Office of the President, alleging that the Kwahumanhene extorted a significant amount of money from him in exchange for a GH₵12 million loan.
The businessman claimed that the chief demanded GH₵50,000.00 up front and further loan from him for the approval of the 12 million Ghana cedis.
He therefore appealed to the Presidency to help him recover a total amount of GH₵2,408,000.00 from the immediate past Board Chairman.
“Under pressure from my suppliers to procure logistics for the cashew to be supplied, I had no other choice than to agree to the conditions”, Mr. Darkwa said.
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