Tag: uniCredit
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Revocation of UniCredit’s license unlawful – Court of Appeal rules
The Court of Appeal has overturned the Bank of Ghana’s decision to revoke the license of UniCredit Ghana Limited. The appellate Court describes the Central Bank’s decision as an unlawful exercise of its powers. The three-member Court, with Justice Gbiel Suurbaare as President, was unanimous in its decision on Thursday to quash the BoG’s revocation…
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Court set to rule on Unicredit’s license revocation on Sept. 26
The ruling on the licence revocation of Unicredit Savings and Loans is expected to be made by an Accra High Court on September 26. The case was brought before the court by the owners of the savings and loans company. The Bank of Ghana in its response prayed the court to quash a matter brought…
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High Court adjourns Unicredit’s case against BoG to September 19th 2019
The High Court has adjourned the suit involving the shareholders of defunct Unicredit savings and Loans company limited and the Bank of Ghana over the revocation of the license of the company. The court adjourned the case to 19th September. This follows the inability of the Bank of Ghana to serve lawyers of Unicredit with…
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Customers of uniCredit angry over locked up cash
Customers of Unicredit Savings and Loans are livid over their inability to withdraw their matured investments from the company. Scores of customers on Tuesday [September 11, 2018] besieged the premises of the Kantamanto branch of the company to demand their money after several failed attempts to retrieve their investments. Some reports have suggested that the…