Police investigate CEO of DOSCAR Group for threatening defunct uniBank Receiver

Getting your Trinity Audio player ready...

The Ghana Police has invited Businessman and Philanthropist, Oscar Yao Doe, for allegedly threatening the Receiver of defunct uniBank, Nii Amanor Dodoo.

A letter dated August 23, 2019 and signed by the Special Investigation Team set up to probe the collapse of banks stated that Mr Yao Doe is to report to the team on Wednesday, August 28, 2019 at 2 pm.

“The Records in the books of the defunct uniBank shows that you owe the Bank to the sum of GHc 101,960.14. Nii Amanor Dodoo acting in his capacity as the Receiver wrote to you to demand that you settle the outstanding balances. You responded by issuing series of threats to his life in an email correspondence from 2nd August, 2019 to 15th August, 2019,” the letter signed by leader of the team, DCOP Edward Tabiri read.

Response

Meanwhile, the businessman has questioned the rationale and faces behind such invitation; condemning in particular, the allegation of threat to life leveled against him, by Nii Amanor Dodoo (the Receiver of Unibank) which the team (SIT) also clearly included in their invitation letter.

Although, he has written back to the SIT to confirm that he would be honouring the invitation, the Doscar Group Chairman could still not hide his suspicion about the motives of the SIT, and the people behind it.

“Where is the evidence to proof [sic] I have threatened to Kill Nii Amanor Dodoo, ‘The Deceiver in Chief’?The email they were referring to was copied to more than 10 recipients, including the First Lady of Ghana, Joyce Ntim and Julius Ayivor of KPMG, who works closely with the ‘Deceiver’, Nii Amanor Dodoo!”

“Does It make sense to kill someone who is being remotely controlled by ‘Baby Idiots’? Someone who is fronting for evil against Ghana’s economy? Someone who is a big loser? Someone who is extremely bitter and confused?” parts of a piece written by the businessman read.

Bank of Ghana clean-up

As part of the Bank of Ghana’s clean-up of the financial space, it revoked the licenses of nine universal banks, including uniBank.

The banks showcased poor corporate governance and mismanagement of depositors’ funds. The board of uniBank was found to have been granting loans to parties related to the company under circumstances that hurt the financial base of the company.

The bank procured and paid approximately GHS57.6 million to related entities for goods and services from without an objective assessment for value for money despite a BoG directive to cease giving loans in October 2017.

The bank was also found to be overstaffed as compared to others in the banking sector, causing a drain on the financials of the company

The rot in the banking space is believed to have contributed to the eventual collapse of 347 microfinance companies, 39 microcredit companies, 15 savings and loans companies, eight finance house companies, and two non-bank financial institutions.

The 11-member Special Investigation Team was appointed by the Attorney-General and Minister for Justice in consultation with the Minister for the Interior, Minister for National Security and the Inspector-General of Police.

The team comprises personnel from the Ghana Police Service, the Economic and Organized Crime Office, the Financial Intelligence Centre, the Office of the Attorney-General, the Banking Industry, and the Chartered Institute of Accountants. It is headed by a Deputy Commissioner of Police.

By J. Ofori, Daily Mail GH