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Friday, November 27, 2020

BREAKING: EOCO SEIZES UT Bank Kofi Amoabeng’s plush mansion (PHOTO)


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A plush mansion belonging to the former UT Boss, Kofi Amoabeng, has been taken over by the EOCO and being investigated.

The notice has been placed on the gate of the house warning the public to keep off because the building was under the care of the EOCO.

The mansion is said to be situated at Kukurantumi in the East Akim District of the Eastern Region, where Amoabeng reportedly hails from.

EOCO takes over Kofi Amoabeng’s plush mansion; warns Ghanaians to keep off

A photo of the mansion’s gate displaying the EOCO warning.

He reportedly built the house about 15 years ago when his bank was thriving as one of Ghana’s best-performing banks.

Amoabeng, a former military officer, has been in the news for controversial reasons in recent times.

His bank collapsed in 2017 after it was declared insolvent by the central bank. It was then absorbed by the Ghana Commercial Bank together with all of its customers.

The bank was described as one whose liabilities exceeded its assets. It reportedly owed about 11 billion cedis in unpaid loans.

The same was reported of Capital Bank owned by Pastor Mensah Otabil, but which also collapsed.

The UT Bank reportedly plunged into its financial crisis when it gave out huge sums of loan to Ibrahim Mahama, a junior brother of former president Mahama, to start a business.


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