Unibank’s collapse: Court grants bail to Duffuor, eight others

The High Court in Accra has granted bail to the founder of unibank, Dr. Kwabena Duffuor, a former Deputy Governor of the Bank of Ghana, a former deputy of the central bank, Johnson Asiama and seven others.

The other seven are Kwabena Duffuor Jnr., who was the CEO of uniBank, Ekow Nyarko Dadzie-Dennis; the Chief Operating Officer of the bank, Elsie Dansoa Kyereh; Executive Head of Corporate Banking, Jeffery Amon; Senior Relationship Manager, Benjamin Ofori; Executive Head of Credit Control and Kwadwo Opoku Okoh; Financial Control Manager.

The bail was granted to the tune of GH¢60 million with two sureties to be justified.

The accused persons are also required to deposit their passports with the registry of the court.

The nine persons are facing trial for the alleged embezzlement of GH¢5.7 billion which is said to have led to the collapse of UniBank.

They are facing charges of conspiracy to money laundering, commit crime, fraudulent breach of trust and dishonestly appropriating funds of depositors.