The Coalition for the Protection of Individual Liberties and Constitutional Rights has called on the Bank of Ghana to freeze the accounts of top management of The Trust Bank (TTB) as it launches investigations into the payment of a 10 million Ghana cedis severance package.
The monies were paid to top management of TTB who opted out of the recent takeover of the bank by Ecobank.
Sums of money ranging between 300,000 Ghana cedis and the two million Ghana cedis are reported to have been credited to top management members of the bank who benefited from the package approved by the previous board last year.
However, spokesperson of the coalition, Elorm Desewu, which had kicked against the sale of the bank from the onset, told Citi Business News the latest development confirms their fears that some members of the board approved the sale to satisfy their own interests.
�This clearly tells us that the top management does not have the customers at heart. It is rather unfortunate that they failed to consider all of this. They also failed to consider the support of the SMEs which has raised the bank to such a high level. They were out there for their own parochial interests,� he accused.
The package has since been reversed and the acting managing director of the TTB, Larry Yirenkyi-Boafo, has been interdicted over the issue.
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