‘Kwesi Nyantakyi’ causes panic withdrawals at Savings & Loans Company

Management of First Allied Savings and Loans Company has expressed worry over panic withdrawals caused by reports that an alleged shareholder by name Nyantakyi is to take over the company.

According to the management, the panic withdrawals occurred when suspended Chairman of the Ghana Football Association (GFA)Kwesi Nyantakyi was caught on tape over corruption allegations in an expose’ by Anas Aremeyaw Anas.

Management of the company believes the alleged shareholder’s name has been mistaken for former GFA Chairman, Kwesi Nyantakyi’s.

“We realized a lot of people were coming into our branches to withdraw which was much more than our liquidity plan. So after about a week, we realized that we had shot through the roof with withdrawals. That was just around the time we got to know that there is news in town that we have one share holder called Nyantakyi and that government is looking to lay hold of his assets,”a Management representative of First Allied Savings and Loans, Yaw Antwi narrated to Citi Business News.

He continued that “People had acted on that information and thronged into the banking hall to take their money. So it was then we realized that it was not just a normal withdrawal but some false information that is going on” he explained.

Yaw Antwi clarified that there is no shareholder by that name and as such customers should not rush to the company to withdraw their funds.

“We don’t have any shareholder by name Nyantakyi so all our customers should be calm” he assured.

The Savings and Loans Company has also further reassured customers that their funds are safe and secured.

Yaw Antwi stated that the company is working assiduously to rectify any challenge caused by these developments in the past few weeks.

He told Citi Business News the company has branches all over the country.

 

Source: citinewsroom.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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