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Business News of Friday, 25 June 2021


Receiver of UniBank Ghana to appeal court ruling

UniBank was taken over by the Receiver, Nii Amanor Dodoo UniBank was taken over by the Receiver, Nii Amanor Dodoo

The Receiver of Unibank Ghana Limited, Mr. Nii Amanor Dodoo has said he will appeal the court ruling declaring his appointment as a breach of the Specialized Deposit-taking Institutions Act (Act 930).

The court presided over by Justice Afi Agbanu-Kudemor made the declaration Thursday, June 24 when it granted an application by Dr Kwabena Duffuor to strike out a writ of summons issued by the receiver for illegality and a consequent lack of capacity in the takeover of Unibank.

In a short statement reacting to the ruling, Mr Amanor Dodoo said “I have taken note of the ruling of the Commercial Court, which has declared my appointment as the Receiver of uniBank Ghana Limited, as illegal.

“I disagree with the ruling and have instructed my lawyers to appeal. “
Sources close to the Bank of Ghan (BoG) and the Receiver said they find the court’s ruling surprising as it is completely inconsistent with the ruling rendered by another High Court a couple of days ago on the same issue of the validity of Mr. Nii Amanor Dodoo’s appointment as Receiver for uniBank.

It would be recalled that earlier this week, an Accra High Court ruled that the Receiver of defunct uniBank, Nii Amanor Dodoo, could testify in the criminal trial of the bank’s founder, Dr. Kwabena Duffour, and other officials.

A Court of Appeal Judge who was hearing the matter as an additional High Court judge dismissed an objection from Dr. Duffuor and others challenging the validity of Mr. Dodoo’s appointment by Bank of Ghana as Receiver of uniBank and ruled that Mr. Dodoo’s appointment was not at variance with Act 930 and he could therefore testify against the accused persons.