Mensa Otabil and ICGC are still in court over the failure of Capital Bank.

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Concerns have been raised regarding the lack of legal action against other important decision-makers in the bank in the wake of William Ato Essien, the founder of the now-defunct Capital Bank, being recently sentenced by an Accra High Court.

Mensa Otabil and ICGC are still in court over the failure of Capital Bank.
Mensa Otabil and ICGC are still in court over the failure of Capital Bank.

In particular, board chairman Dr. Mensa Otabil’s position as leader of the International Central Gospel Church (ICGC) has drawn criticism.

Dr. Otabil is not facing any criminal charges, but it is important to be aware that the Receiver of the failed bank has been pursuing civil claims against him and 14 other individuals since 2019, according to 3news.com.

Among the 14 people are William Ato Essien, Oheneba Osei Akoto, Stephen Enchill, Kingsley Atta Ghansah, Otabil and Associates, International Central Gospel Church (ICGC), Kwadwo Ayisi Ahwireng, Isaac Osah Thompson-Mensah, and John Kofi Mensah, who were all shareholders and directors of the defunct company, respectively.

The Receiver seeks to recoup from these people about 800 million cedis, including money owing by ICGC, outstanding loans to shareholders, and facilities provided to Ato Essien and affiliated businesses.

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