The Attorney General and Minister of Justice, Dr Dominic Ayine, has disclosed that directors of the defunct uniBank Ghana Limited have proposed a GH¢2 billion settlement to resolve a GH¢3.3 billion liability owed to the state.
Speaking at the Government Accountability Series on July 28, 2025, the Attorney General said the accused persons submitted the offer in a letter dated May 7, 2025, following prolonged negotiations.
The settlement proposal includes the transfer of GH¢800 million worth of assets directly to uniBank, as well as the accused persons’ active cooperation in recovering an additional GH¢1.2 billion from third parties.
“The accused persons offered to pay GH¢2 billion in full and final settlement of the outstanding obligation,” the Attorney-General stated.
“This includes GH¢800 million in assets and their cooperation to help the Receiver retrieve another GH¢1.2 billion from direct beneficiaries,” he added.
Meanwhile, the court has yet to determine whether the proposal will be accepted.
uniBank was one of several indigenous banks that collapsed in 2018 during the financial sector clean-up exercise by the Bank of Ghana.
The BoG revoked uniBank’s licence, citing insolvency and related-party transactions that allegedly violated banking regulations. The central bank subsequently appointed a receiver to take over operations and recover assets.
The collapse also triggered criminal investigations and a civil recovery process targeting the bank’s directors and shareholders, including Dr Kwabena Duffour, a former Minister of Finance.
The state accused them of misappropriating funds and engaging in unlawful transactions that contributed to the bank’s collapse.
In 2020, the Attorney General’s office filed charges against the directors for alleged financial malfeasance, including money laundering, fraudulent breach of trust, and dishonest appropriation of funds.
The total amount involved was initially estimated at over GH¢5 billion, later revised to GH¢3.3 billion following reconciliations and asset valuations.
Source: Ghanaweb
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