Court orders official winding up of BCC
1.5 million-dollar fake cheque case adjourned
Court orders official winding up of BCC
Accra (Greater Accra) 06 June 2000
An Accra High Court presided over by Justice Victor D. Ofoe has appointed the Registrar of Companies to wind up the business of the Bank of Credit and Commerce (BCC).
Mr. Joseph K. Harlley, Chief State Attorney, told the Ghana News Agency in Accra on Monday that the Bank for Credit and Commerce International went into liquidation in 1991, but the Bank of Ghana invoked provisions of the banking law to sustain the Ghana subsidiary.
He said that the Trust Bank (TTB) has taken over the assets and liabilities of BCC, including all its foreign account depositors and assured cedi account holders that their moneys are safe.
"Arrangements are well underway, with Bank of Ghana's support for a formal transfer to The Trust Bank of all the assets and liabilities, including the liabilities of the foreign exchange account holders, to enable the business of banking began by BCC to be continued by TTB", he said.
"TTB will therefore be the successor of BCC and would assume all obligations of the BCC to its depositors."
Mr. Harlley noted that as and when the foreign liquidator makes money available to foreign exchange depositors, they would be informed accordingly.
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1.5 million-dollar fake cheque case
adjourned
Accra (Greater Accra) 06 June 2000
The Greater Accra Regional Tribunal hearing the case in which two top officials of the Bank of Ghana and one other person are charged with stealing 1.5 million dollars was on Monday adjourned for two weeks.
The adjournment was at the instance of the prosecution, which said it needed time to complete its investigations.
The two are Sebastian Dick Kobla Nukpui Gavor, Director in charge of Budget and Accounts Department and Justice Ofosu Larbi, Deputy Director responsible for the Banking Department.
Alhaji Abubakar Sadiq, a businessman and Chief of the Wangara Community in Accra is the third accused person.
They have all pleaded not guilty to the charge. The tribunal chaired by Mr. Justice Isaac Duose granted each of them bail in the sum of 500,000 dollars, or its equivalence in cedis, with one or two sureties to be justified.
The case for the prosecution is that on November 26 last year, Hajia Abubakar Sadiq, alias Hajia Baby Ocansey, now at large, together with Alhaji Sadiq, presented a bank draft with the face value of 1.5 million dollars to the Bank of Ghana (BOG) through Gavor for payment.
The draft was to be drawn on Chase Manhattan Bank based in the United States and was to be paid to the order of Hajia Sadiq and Gavor whom the prosecution described as a co-beneficiary.
The prosecution said according to banking principles, such transactions need five weeks to be verified and approved. However, Larbi and one other bank official, Ashie Dsani, facilitated the payment of the amount to Hajia Sadiq on the promptings of Gavor.
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Woman remanded for fraud
Accra (Greater Accra) 06 June 2000
An Accra Circuit Tribunal on Tuesday remanded Hajia Zeinabu Abu Ibrahim, an Accra trader, in custody for allegedly defrauding and assaulting another trader.
Hajia Ibrahim, pleaded not guilty and will reappear before the tribunal on June 12.
The prosecution told the tribunal chaired by Mrs. Elizabeth Anderson Yebuah, that during this year's Hajj period, Memunatu wanted to travell to Mecca and joined applicants at the Hajj Committee Office for registration, where she met Hajia Ibrahim who approached her and said she could help speed up her procurement of a visa and other travel documents.
The accused thereafter demanded 1,000 dollars and two passport pictures, which Memunatu readily provided.
The accused immediately took Memunatu to Nima where she made her purchase six cartons of Venus perming cream, 10 packets of top gel and some quantity of cola nuts valued about 200 dollars to be sold in Mecca.
Hajia Ibrahim took possessions of the items for safekeeping but later told the complainant that the journey had been called off.
The complainant suspecting foul play demanded her money and the goods, but the accused could not return them.
Both parties were invited by some elders to settle the matter but nothing fruitful came out.
On May 26, the accused forged a promise letter indicating that she had borrowed the money from the complainant. When Memunatu complained about this, the accused became offended and brutally assaulted her.
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