Abronye DC attack Mahama over Collapsed “Banks & Financial Institutions comment

I am daring Mr John Kalabuley Mahama to mention just One Bank or Financial Institution whose licence was unlawfully revoked and I will tender in my ” Resignation from NPP to Join your Campaign.

I have just read a post by Mr John Kabuley Mahama on his various social media platforms and by which in the said post, the former president with his usual alcoholic promises once again promised owners of the Collapsed Banks and financial institutions to restore back to them, their financial institutions notwithstanding the fact that these Banks & financial institutions, breached the Banks & Specialised Deposit-Taking Act, Act 930 (2016) . I must state emphatically that, all the Banks and financial institutions whose licenses were revoked breached the existing laws within the banking industry, particularly the Banks & Specialised Deposit- Taking Act ,Act 930. I am ready to resign from NPP to join NDC if indeed John Mahama is able to mention or name at least ” one Bank or Financial institution whose licence was unlawfully revoked.

I am not surprised that because of the mixtures in his feeding bottle, Mr Mahama has not taken the time to read the Banks and Specialised Deposit- Taking Act, Act 930 that was passed by himself in 2016. I would like to take this opportunity to tell you that, Act 930 which you assented to, to become law in 2016 says that, the minimum capital adequacy is 10% .

So, Mr John Kalabuley Mahama, can you perhaps, ask the following Banks their capital adequacy ratio in 2018 and what section 16 of Act 930, that you passed say about these banks under listed:

(1) GN Bank

(2) Premium Bank

(3) UT Bank

( 4) Capital Bank

(5) Beige Bank

(6) Construction Bank

(7) Heritage

(8) Unibank.

I must also tell you that, your recent promise to restore back these collapsed Banks and financial institutions is nothing but a desperation in the highest order. It is Not different from a drunkard promising to compete a 100 metre race with Usain -Bolt.

Respectfully, Mr former President, don’t forget that under your watch as a president, 86 Financial Institutions collapsed and you couldn’t do anything about it before leaving power. As a president, if you could not do anything to settle depositors of 86 Financial Institutions whose licences were revoked and today you’re here promising 350 Financial Institutions whose licences were revoked within the law, then I don’t know how to describe you.

As wicked as the NDC government was under your watch, denied these depositors of the under listed Financial Institutions which licences were revoked, an amount of 7.6 billion Ghana cedis, notwithstanding the fact that BOG released these funds to Dr Wilson Kwadwo Narh who was tasked to pay these depositors. This, you personally connived with Dr Wilson Kwadwo Narh, who later released the said funds to you to support your Campaign in 2016.

Your Excellency, Mr John Kalabuley Mahama, respectfully I am tired of npp and I want to join your Campaign in the coming days but I want you to tell Ghanaians why THESE 86 underlisted Financial Institutions’ licences were revoked by your government and the reason why their depositors were NOT paid any pesewa by your government:

1. ONWARD INVESTMENT LIMITED

2. Unity Trust Micro-Finance in Somanya,

3. Multi Credit Micro-Finance in Cape Coast,

4. Busy Fingers at Nima in Accra,

5. Mfa Micro-Finance at La in Accra

6. Equip Susu Micro-Finance,

7. Emends Micro-Finance and

8. Divine Micro-Finance.

9. Agapet Microfinance Limited

10. Antcave Microfinance Limited

11. Apex Microfinance Limited

12. Atwiman Microfinance Company Limited

13. Citiville Microfinance Limited

14. City Trust Microfinance Limited

15. Coastal Link Microfinance Limited

16. DIAMOND WINNERS Microfinance Limited

17. DKM DIAMOND Microfinance Limited

18. DUAPA TRUST Microfinance Limited

19. EGO VISION Microfinance Limited

20. EZI Access Microfinance Limited

21. F.H. & C Microfinance Limited

22. GLOW Microfinance Limited

23. Golden Life Microfinance Limited

24. Growth Champions Microfinance Limited

25. GROWTH POLE MONEY LENDING LIMITED

26. IDEAL WAY Microfinance Services Limited

27. IMAGES Microfinance Limited

28. JASTAR MONEY LENDING SERVICES LIMITED

29. FAST MONEY Microfinance Limited

30. FIRST UNITY Microfinance Limited

31. GANYO Microfinance Limited

32. GENESIS SEED Microfinance Limited

33. Global Standard Microfinance Limited

34. J’COBS Microfinance Limited

35. Jubilee Microfinance Limited

36. KAB Microfinance Limited

37. KB Star Microfinance Limited

38. KWABEF

39. LOOK-AHEAD Microfinance Limited

40. Magnet Microfinance Limited

41. MCKEOWN Microfinance Limited

42. MEDAL CREDIT Microfinance Limited

43. MEDLORM Microfinance Limited

44. MONEY HOME Microfinance Limited

45. MONEY LINK Microfinance Limited

46. MOTHERS’ Microfinance Limited

47. MY HOPE MICROFINANCE LIMITED

48. NEW DAWN MICROFINANCE LIMITED

49. OPPORTUNITY GLOBAL LINKS Microfinance Limited

50. ORION MONEY LENDING LIMITED

51. PAXMAN Microfinance Limited

52. PENDY-GLO Microfinance Limited

53. PROMISE Microfinance Limited

54. PROTEGE MICROFINANCE LIMITED

55. PRYME HEDGE MICROFINANCE LIMITED

56. QUICK LOANS MICROFINANCE LIMITED

57. REACH MICROFINANCE LIMITED

58. REEMALEX MICROFINACE SERVICES LIMITED

59. REJOICE Microfinance Limited

60. RIMDA Microfinance Limited

61. ROYAL KINGDOM Microfinance Limited

62. SAB Trust Microfinance Limited

63. SAFE Credit Microfinance Limited

64. SEAB Microfinance Limited

65. SHARP VISION Microfinance Limited

66. SHINE CREDIT Microfinance Limited

67. SIKA DWA Microfinance Limited

68. SILISON Microfinance Limited

69. SILVER Microfinance Limited

70. SKII Credit Microfinance Limited

71. Softbiz Microfinance Limited

72. SP Microfinance Limited

73. SPARK TRUST Microfinance Limited

74. Sufficiency Microfinance Limited

75. SWIFT TRUST Microfinance Limited

76. SYNTHESIS Microfinance Limited

77. THE LORD IS PEACE Microfinance Limited

78. TIME-FIRST Microfinance Limited

79. TOPNET Microfinance Limited

80. TRUST JESUS Microfinance Limited

81. TTS Microfinance Limited

82. Ultimate Focus Micro Finance Limited

83. Uni Cash Microfinance Limited

84. Vanliz Microfinance Services Limited

85. Western Microfinance Limited

86. Xzpress Link Microfinance Company Limited

Source: Lewis Sakare | Contributor