Prince Kofi Amoabeng, the former Chief Executive Officer of UT Bank has revealed the scope through which he recovered monies and loans taken by clients of his defunct bank.
You would recall that UT Financial Services was the go-to company when Ghanaians wanted loans since they offered their clients the opportunity of accessing loans within 48 hours.
However, the bank was closed down by the Bank of Ghana on August 7, 2017, after it failed to meet the minimum capital requirement.
“Despite repeated agreements between the Bank of Ghana and UT Bank and Capital Bank to implement an action plan to address these significant shortfalls, the owners and managers of UT Bank and Capital Bank were unable to increase the capital of the banks to address the insolvency,” BoG statement read.
The retired captain who recently launched his maiden book revealed in an interview with media personality, Kwame Sefa Kayi that he used to booze after drinking alcohol and beer before chasing after loan defaulters for his money.
“One thing I used to do is that if you don’t come to redeem yourself and I come to your house to meet your absence, I will search for where they sell Guinness and strategically sit there watching your gate. If you’re lucky and I drink one or two, then it means I am not drank yet, but if you keep long and I gulp about four or five bottles, then you are in trouble when I find you,” he said.