Otabil, A Non-Executive Board Chairman? I Am Surprised – Kwesi Pratt

Managing Editor of the Insight newspaper, Kwesi Pratt, has expressed utter surprise at Pastor Mensa Otabil’s claim that he was not directly "involved in the day-to-day management and operations" of the defunct Capital bank.

Capital Bank, along with UT Bank, collapsed in August last year due to liquidity challenges and all their assets taken over by state-owned GCB Bank.

Capital Bank received GHc610 million from the Bank of Ghana to cure its liquidity struggles and the funds were allegedly mismanaged, leading to its collapse.

Dr Otabil who was the board chairman of the defunct bank was cited in the financial malfeasance that led to the mismanagement of some 610 million-cedi financial support given the bank by the Bank of Ghana.

Since the autopsy report on the collapse of the bank went viral last week, the renowned man of God has been at the receiving end of public opprobrium by many on social media over how he superintended over the collapse of the indigenious bank.

However, in a statement issued on Tuesday, 14th August, 2018, the leader and founder of the International Central Gospel Church (ICGC) said his “position was a non-executive role. I was therefore not involved in the day-to-day management and operations of the Bank”.

Commenting on the issue during Peace FM's morning show ‘Kokrokoo’ Tuesday, the seasoned journalist was amazed that Pastor Otabil is claiming "innocence of the whole Capital Bank brouhaha".

I am surprised he is saying he was a non-executive board chairman and that he was not involved in the day to day decisions. Per my sources, every decision was made with the knowledge of everybody… but at the end of the day, the truth will be established,” Kwesi Pratt opined.