An Accra-based medical doctor, Dr Kwadjo Ayisi-Ahwireng, is challenging his inclusion in the ongoing civil case against former directors and shareholders of the now-defunct Capital Bank, insisting he has no legal or factual case to answer.

Named as one of 15 defendants accused of breaching fiduciary duties to the bank, Dr. Ayisi-Ahwireng is also being asked by the official liquidator to repay a GH¢4.1 million “shareholder loan” with interest.

But he strongly maintains that he was never a shareholder or director of Capital Bank and is demanding to be removed from the suit entirely.

“There is no credible evidence to support my inclusion,” he said, describing a purported share transfer agreement between himself and convicted former Capital Bank CEO William Ato Essien as fraudulent.

“The signature looks like mine, but it’s not. I never signed any such agreement. It’s forged.”

The document in question claims Dr. Ayisi-Ahwireng acquired over 330,000 shares for GH¢5 million. But he says no such transaction ever occurred.

“I never paid anyone, including Ato Essien, for any shares. I never received a receipt, and none has been produced. That agreement is fake and self-serving,” he stressed.

He also noted that he never underwent any of the Bank of Ghana’s mandatory regulatory processes for shareholder or director appointments, and there are no Registrar of Companies records to suggest otherwise.

“There is no account in my name at Capital Bank. I never took any loan. I’ve never received any funds. I’ve simply been wrongfully included in this case,” he said.

Dr. Ayisi-Ahwireng expressed frustration over the reputational and financial damage he’s suffered, pointing to the ongoing stress it has caused his business and family.

“It’s been seven years of trauma. I’ve lost business deals, especially with suppliers from the U.S. and U.K., simply because of this association,” he said.

“I only knew Ato Essien on a personal level as a prayerful man. We had no professional dealings regarding Capital Bank.”

His lawyer, Kofi Bentil, called his client’s inclusion a “clear miscarriage of justice.”

“It’s unconscionable,” Bentil said.

“The Bank of Ghana has not proven he was a shareholder. It’s the regulator’s job to catch these things, not perpetuate them.”

William Ato Essien, the former CEO of Capital Bank, was convicted in 2022 for stealing over GH¢90 million from the bank.

He initially avoided prison after agreeing to repay the money, but was jailed after failing to raise the remaining GH¢53 million. He is currently out on bail pending an appeal.