Audio By Carbonatix
The Member of Parliament for Manhyia South, Nana Agyei Baffour Awuah, has raised concerns over the Attorney-General’s decision to settle for a 60% recovery of funds in the discontinued criminal case involving former Finance Minister Dr Kwabena Duffuor and others over the collapse of uniBank.
The Attorney-General’s Department defended its decision, citing a 60% recovery of funds and assets from the accused as justification for halting further prosecution, arguing it no longer served the public interest.
While he acknowledged that the Attorney-General’s move to file a nolle prosequi was not necessarily wrong, the MP questioned the rationale behind the partial recovery.
Read Also: AG drops charges against Duffuor, 7 others over uniBank collapse
Speaking on Joy FM’s Super Morning Show, Mr Baffour Awuah said: "Is the 60% the best the State could have gotten? Then the question is, 60% of how much? Because Dr Duffuor himself, at the time, wrote a letter where he acknowledged the fund, which was in the sum of GHS5.3 billion, was procured as a loan by the Directors of the bank, and that the money was used in procuring properties. He stated they were ready and willing to sell the properties to pay off the debt. So in this instance, how much is the 60%?"
The Attorney-General’s office announced the decision to discontinue the case, citing substantial asset recovery and presenting it as a strategic move aligned with global best practices in non-conviction-based asset recovery.
The case was part of broader efforts by the State to address financial malfeasance in the banking sector following the 2018 financial sector clean-up, which led to the collapse of several local banks, including uniBank.
Listen to the full interview below:
Latest Stories
-
Chornobyl – An explosion that has lasted 40 years
39 minutes -
Hitz FM hosts maiden edition of ‘My Hustle’ to empower young entrepreneurs
41 minutes -
Founding UGMC CEO Dr Osei reveals how his life transformed after living with his soldier uncle
58 minutes -
Suspect in custody after shooting at White House Correspondents’ Dinner
3 hours -
‘I thought he was my father until 16’ — Dr Darius Osei shares emotional childhood story
3 hours -
Switzerland backs Morocco’s autonomy plan as ‘most credible’ path to resolve Sahara dispute
3 hours -
‘Medicine was never the plan’ — Dr Darius Osei opens up on journey from childhood to medical leadership
4 hours -
Sesi-Edem lawyers debunk claims of expired injunction against EOCO
4 hours -
No abuse of power: EOCO leadership survives petition from Council of State member’s legal team
5 hours -
Widespread blackouts hit 3 regions after Akosombo substation fire
5 hours -
From Efiase to SECOBOR: Rev. Wengam leads fresh charge to secure Ghana’s borders
5 hours -
Landguards stab resident at gov’t project site in Awutu Oshimpo
6 hours -
US-Iran peace hopes fade as Trump scraps talks
6 hours -
GPHA shuts down Kpone Terminal following fierce freight-forwarder protests
6 hours -
Wanderlust Ghana targets another history-making journey from Accra to Toronto by road
7 hours