President of Groupe Ndoum, Dr Nana Kweku Ndoum, claimed that false claims about GN Financial institution’s monetary standing performed a significant position within the establishment’s eventual collapse.
Feedback on JoyNews information file On Saturday, Might 23, Dr Ndumu alleged that some individuals had intentionally misrepresented the monetary well being of the financial institution, creating the impression that the financial institution was bancrupt.
He stated the allegations undermined public confidence in GN Financial institution and exacerbated the challenges the financial institution was already dealing with following the suspension of presidency contracts it had financed.
Dr Ndumu maintained that the narrative surrounding the financial institution’s monetary scenario was deceptive and accused some individuals of intentionally spreading misinformation.
“Throughout this course of, there have been people who deliberately lied concerning the funds at subject,” he claimed.
He defined that Groupe Ndum, in collaboration with the Ministry of Finance, carried out an impartial audit to determine the quantity owed to the financial institution.
“We arrange a workforce with the Treasury and spent a number of hours with the Minister of Finance, Ken Ofori-Atta,” he stated.
“We had an impartial audit on our portfolio and supplied all this info. However on the final minute, they someway determined to get the Financial institution of Ghana to say that the one quantity owed to us is Ght30 million.”
“It was a blatant lie, and it was a key piece of proof that was used in opposition to us in revoking our license,” he claimed.
Associated article: Authorities owes GN Financial institution GH¢300 million in excellent interim cost certificates — Dr. Ndoum
Dr. Ndumu alleged {that a} mixture of unpaid authorities obligations and misrepresentations concerning the financial institution’s monetary place led to the financial institution’s downgrading from a common financial institution to a financial savings and mortgage firm and in the end its license being revoked.
“So if solely that cash, the IPC, had been paid, we would not be having the conversations we’re having proper now. We would not have needed to be reclassified as a financial savings and mortgage firm within the first place,” he added.
The Chairman of Groupe Ndoum made the remarks whereas discussing the group’s latest authorized victory within the Courtroom of Attraction over the cancellation of the license of GN Financial savings and Loans.
