Audio By Carbonatix
The University of Ghana (UG) says it has dragged three financial institutions under receivership to court in an attempt to recover their locked-up funds.
The three institutions - NDK Financial Services, NTHC Financial Services, and Delta Capital - together hold a total of GH¢5 million of investment from the premier University.
Answering questions from Parliament's Accounts Committee (PAC) on the infractions captured in the Auditor General's Report, Acting Legal Counsel of the University, Dr Abdul Baasit Aziz Bamba, said they have resorted to legal actions in the hope of retrieving the money.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
GloMeF urges decisive approach to address galamsey
32 seconds -
Sentuo expansion to position Ghana as regional refining hub, says Jinapor
3 minutes -
TOR refining one million barrels of crude oil following operational restart – Energy Minister
5 minutes -
Sentuo Oil Refinery is catalyst for industrial development – Trade Minister
7 minutes -
Amb. Bishop Dr. Samuel Ben Owusu ordains 20 pastors, prophets
12 minutes -
KATH CEO appeals to striking staff to resume work despite suspension
15 minutes -
Ashanti Regional Coordinating Council appeals for end to KATH doctors strike
15 minutes -
Cedi remains under pressure despite BoG’s intervention; one dollar going for GH¢12.40 at forex bureaus
22 minutes -
Richard Lawson on why black people must tell their own stories in digital age
26 minutes -
Violence against nurses threatens healthcare delivery — GNMTA raises alarm after Tema assault
45 minutes -
Men now “topping chart” in fertility issues as sperm quality declines – Urologist warns
48 minutes -
Mahama must demand quarterly KPI reports from all institutions
1 hour -
New mining bill seeks to transfer licence approval powers to district committees
1 hour -
Why treat us like we stole the land? – Tema Community 25 resident laments demolition after court order
1 hour -
Patients stranded at KATH as doctors and nurses protest CEO suspension
1 hour