Bank Manager swindles students

The acting Branch Manager of the Agricultural Development Bank (ADB), University of Cape Coast (UCC) branch, Mr. Stephen Amanquandoh, has allegedly swindled several customers of the bank to the tune of over GH¢100,000.

Some of the victims, who rushed to the office of The Chronicle to make their complaints, said Mr. Amanquandoh was appointed acting branch manager of ADB (UCC branch) in July, this year, where he managed to win the confidence of many of the customers of the bank.

According to information reaching this reporter, some customers trusted him to an extent that they sometimes allowed him to keep their pay-in books and cash deposit slips at his office, thinking they were in safe hands.

One victim, who is a lecturer at UCC (name withheld), said the man has swindled him of GH¢10,000 and his account is now in red, while the bank has been using his salary to defray the overdrawn account money.

A Medical doctor who also fell victim to Amanquandoh's antics, said he was swindled to the tune of GH¢15,000 – while a poor security man at the ADB UCC branch, had his money overdrawn to the tune of GH¢5,000 by the manager, who is said to be on the run.

A trader at Abura in the Cape Coast Metropolis expressed confidence in the manager, to an extent that she allowed him to pay monies into her account without checking for receipts of payments, and she has now been rendered bankrupt with a balance of GH¢11,000 – and is currently in a sordid state, lamenting her misfortune.

The case was reported to the police in Central Region on August 14, 2010, and when contacted on phone on Thursday, the Central Regional Police Public Relations Officer, Corporal Raymond Asaaba, confirmed that the case has been reported but said the investigator in the case was not around to give details of the case.

He promised to get in touch with the paper immediately after the investigator returned.