Founding President of IMANI Africa, Franklin Cudjoe has said Pastor Mensa Otabil, who was a Board Chairman of the collapsed Capital Bank might have been misled by the Chief Executive Officer of the Bank.
In a Facebook post published on his wall, Franklin Cudjoe believed the then CEO of Capital Bank misled former Board Chairman and renowned pastor, Mensa Otabil into agreeing to some of the deals the bank engaged in.
Read his full post below
I am tempted to believe that Pastor Otabil was misled by his CEO. It does seem Pastor didn't quite posess the financial 'spirit' and eye to detect that the financial engineering his CEO engaged in was beyond normal limits of risk. Is there evidence that other board members probably more experienced warned board chairman pastor about the varied seeds his CEO was sowing all over the lands that created a hole of Ghs 610m? As I have said, there is no evidence that board chair pastor actively colluded with his CEO to embezzle Ghs 610m so we cannot accuse him of wrong doing.
However, as board chairman he must now take ultimate responsibility and ensure that we redeem the Ghs 610m by not only selling assets of his CEO and others, but also some of his own to make up. Then of course, he must cooperate with state investigative officers in the hope that evidence so gathered will lead to his CEO facing the full force of the law. Should Pastor be found culpable beyond ignorance of the deals, he should also face the law. Finally, he must pray for everyone to be guided by these very bad examples and never to repeat same.
It is in the same spirit that I extend a hand of coperation to the President of the land and his to his Finance Minister to simply cause a withdrawal of the KelniGVG grand scheme to deliberately upset the coffers of the state without returning any value. They should be guided by the observations of one, Kofi Nkulenu who recently wrote about the KelniGVG scheme ".. the company (KelniGVG) has not connected to monitor anything but here are the facts. The Ghana Revenue Authority says shortage on Communications Service Tax (CST) is less than ¢5million from January to June 2018 and it is normal because their targets are either ambitious or consumers are truly spending less today with increased data usage.
But as we have been told the shortage was only about ¢5million by the Revenue Authority, the Government has paid over ¢43m to look for ¢5million shortage of revenue. This ¢855million deal over 10yrs is one of the greatest procurement scams ever performed in this country’s history. The company Kelni is unknown with shady partnerships to another crooked entity called GVG (google them) and the Nation watches gleefully as we dissipate national funds to dark accounts without any work".
Mr. President, KelniGVG may be your nemesis. We won't stop talking about it until it is withdrawn. When it is eventually done, we must prosecute all involved for wasting our time talking about it and for causing fiancial loss to the state. Have a great weekend everyone.
Source: Peacefmonline.com
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Mr. Franklin,you are not going to get on the NPP pay roll like you did in the NDC days. Just get to know that this govt, will not bow to your pressure.
Massa; Mensah-Otabil was never mis-lead ; he was a member of crooked team of ***barred word*** minded citizens who in leagur to defraud Ghanaians ; pastor Mensah-Otabil is a CROOK !!!!; how was able to buy this huge proprty n the US ; he should be jailed to serve as an example to others.
This man Franklin. When it came to Ursla he was spatting all sorts of accusations. Now here he is with this defensive stance. As long as it doesn't hit you or someone close to you, you can spit extreme accusations and wild allegations.
So the new norm that nana addo and his friends have introduced is being misled. These are the people who call themselves the most educated, who speak fluent British English and always counsel to be smart and competent, so it baffles me that these same know all persons claim to have been misled when they act wrongly. As at now, what is the difference between them and the john mahama they called all sorts of names. To the best of my knowledge that incompetent ***barred word*** mahama as they made us to believe was not once misled. But the geniuses are being misled every day. Indeed, God is alive.
Pst. Otabil has been espousing lack of leadership as the bane of Africa. How do you measure your own leadership at Capital Bank. Apologise to the nation and help retrieve all the lost funds.
eiiish GHANA, MUE GYIMI OOOHHHH, AND SO ANY IOTA OF TRUTH IS NOW POLITICS.... HAHAHAHAHA GHANA WILL REMAIN THE S.T.U.P.I.E.D.I.E.S.T COUNTRY FOREVER.EVERYTHING,EVERY TRUTH THAT WILL COME OUT,HAS AN OPPONET,JUSTBECAUSE THOSE INVLOVED ARE OUR FAMILIES... HMMMMMM GHANA! GHANA!! GHANA!!!,EVEN THE TRUTH IS NO MORE....
Hey franklin, stop playing the devil’s advocate. Pastor Otabil was never misled. If you look at the reportage and the quantum of money involved (GHC610m), it makes no sense to think, as a board chairman he didn’t understand what he was approving. He was knee deep in the shady transactions that went on at capital bank. It is his greed that has found him out. I strongly believe he must have been diverting from his church all this while too. This is someone who has been ridiculing his forefathers that they had no idea how to lead a family life; I heard it in one of his recent sermons on marriage and I was very disappointed. A fante man who refuses to speak fante!
I am highly disappointed in Franklin Cudjoe. He makes it sound like Otabil is infallible! How can someone as a Board Chairman of a Bank be misled on issues having to do with people's lives? How was he misled? Were discussions during board meetings held in Greek that he failed to understand? Let us call a spade a spade: there was spectacular leadership failure at these collapsed banks and that failure includes the entire board(chairmen included). The regulator had also gone to sleep or pretended to sleep! They knew what they were doing and until we make people pay for their crimes in this country we will continue to see these waves of banks collapses! They simply did what they did because they knew they would not be going to jail, thanks to a corrupt judiciary whose members they can count as church members and cronies! It s Almighty God who will visit true justice on these crroooks or the evil they have done to the taxpayer!
You are a fo.oo.ool. Read the article again. Gyi.mifo . You are The I’d.iot
Franklin you are an id.i.ot. So the new term now is "MISLEAD" right. BAgyarko was fired for being mislead. MB, UT and BEIGE were all mislead into giving Ibrahim Mahama loans. pastor Mensa Otabil was never mislead. A Board constitutes of several knowledgeable persons so either he ignored their advisory, or he was in agreement to whatever financial dealing that went on. The kind of infrastructure projects ICGC alone was undertaking leads me to believe he was never mislead. Are you insinuating he is being mislead at Otabil and Associates too, and even hat "non.sen.si.cal" excuse must stop. So we will wake up one day for the Presidency to say Nana was mislead into signing the US Military Agreement, the MCC Compact II, appointing 111 Ministers, and the populace has been suffering, and the only "***barred word***" excuse is. I was mislead. Common, lets be serious here. n this light, II think you were even milead to say such fo.olish.ness, I honestly do.