I BAILED AKUFO-ADDO, OFORI-ATTA WITH UT BANK BUT THEY COLLAPSED IT – Kofi Amoabeng

“The very people who are in government now I’ve had the occasion to actually bail them out using the same UT and I gave them the opportunity and tried to become who they are now.

“The President himself (Akufo-Addo) at some point in time, UT was there to bail him out and Ken Ofori-Atta and the others, his partners and Databank, yes, UT bailed them out.

“So we’ve fed you before, so, even if you’ll collapse it, it should not be the way it was done. You can call me and tell me the situation is beyond repairs but not invading our premises with the police at 6am and hacking our signs down and I had no clue,” he told host, Captain Smart.

The Bank of Ghana in August 2017 announced the revocation of the licenses of UT Bank and Heritage Bank over what the central bank said bothered on solvency.

The collapse of UT and Heritage Bank spiralled into a GH¢21 billion banking sector clean up by the Akufo-Addo government which saw the licences of nine banks and more than 370 financial institutions being revoked.