Tag: Mike Nyinaku
-
State discontinues case against Kofi Amoabeng; new charges being prepared
The state has discontinued the case against the founder of now-defunct UT Bank, Prince Kofi Amoabeng at the Circuit Court. Kofi Amoabeng was facing charges of stealing and money laundering over his alleged role in the collapse of UT bank. According to the prosecution represented by ASP Emmanuel Nyamekye, they intend to file a fresh…
-
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…
-
Defunct Beige Bank CEO, Mike Nyinaku remanded
The Chief Executive Officer of defunct Beige Bank, Mike Nyinaku, has been remanded in police custody for one week. The remand follows the dismissal of a bail application by his lawyers who assured the court that he will cooperate with the ongoing trial. Though the application was not opposed by the prosecution, the Judge said…
-
Beige Village and other Mike Nyinaku properties being chased by receiver, Nii Amanor Dodoo
The receiver for the defunct Beige Bank, Nii Amanor Dodoo, is going after the company’s ex-Chief Executive, Mike Nyinaku, as well as some 12 companies which directly benefitted from proceeds from the failed bank. A writ filed at the Accra High Court by the receiver also attached a number of landed properties as well as…
-
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…
-
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.…