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Business News of Wednesday, 25 March 2020

Source: classfmonline.com

Fidelity Bank denies aiding Bishop Obinim in money laundering

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Fidelity Bank has denied aiding Pastor Daniel Obinim of the International Godsway Church to launder money outside the country.

In a response to Assin Central MP Kennedy Agaypong’s allegation that the bank is colluding with Bishop Obinim to engage in money laundering, Fidelity said it has always complied with all applicable Bank of Ghana requirements with respect to foreign exchange transactions.

In a statement, the bank said: “Our attention has been drawn to some statements made by Hon. Kennedy Agyapong on Net 2 TV alleging that Bishop Daniel Obinim is using the bank to engage in money laundering.

“The bank wishes to state on record and assure all stakeholders that it has always complied with all applicable Bank of Ghana requirements with respect to foreign exchange transactions. We are unable to comment on individual customer transactions”, the statement explained.

The Assin Central MP had threatened to bring the bank down if it does not act on the allegation brought against Bishop Obinim.