Tag: Beige bank
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Defunct Beige Bank CEO Mike Nyinaku hospitalised as judge grants bail
Former Chief Executive Officer of defunct Beige Bank MIke Nyinaku, who is currently in police custody, has been admitted at the Police Hospital in Accra after he suddenly fell ill last Thursday, January 16, 2020. He was earlier this week remanded to police custody having been arrested on charges of money laundering and stealing in…
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Receiver drags ex-Beige Bank CEO to court over properties acquired with proceeds from defunct bank
The Receiver of the defunct Beige Bank, Nii Amanor Dodoo, has gone to court to retrieve about GH₵1billion from the Chief Executive Officer (CEO) of the bank, Micheal Nyinaku and 12 of his subsidiary companies. The writ which was filed at the Accra High Court is also seeking an order to take over several landed…
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Customers frustrated over inaccessibility to cash at Beige bank
Fixed deposit account holders of defunct Beige bank are still unable to access their matured investments from the company. The issue comes despite the expiration of the ten day suspension of withdrawals from the said accounts. The Managers of the Consolidated bank on August 9, 2018 put a hold on all withdrawals of fixed deposit…
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Consolidated Bank slashed our allowances by 60% – Former Beige employee
A former staff of defunct BEIGE Bank, has revealed that Consolidated Bank Ghana Limited slashed their allowances by over 60 percent. Speaking on the Citi Breakfast Show on Tuesday, she said they were shocked when they found out that such a considerable margin had been slashed from their allowances. “Our salaries were paid. We were…
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BEIGE Bank nears GH¢400m minimum capital
The BEIGE Bank has announced that it will be able to meet the new minimum capital requirement for banks before the December 2018 deadline. The bank, in a statement to Citi Business News said that its current financial position shows that it is about 100 million cedis shy of the 400 million cedis minimum capital.…