The Member of Parliament for Manhyia South, Nana Agyei Baffour Awuah, has raised concerns over the Attorney-General’s decision to settle for a 60% recovery of funds in the discontinued criminal case involving former Finance Minister Dr Kwabena Duffuor and others over the collapse of uniBank.
The Attorney-General’s Department defended its decision, citing a 60% recovery of funds and assets from the accused as justification for halting further prosecution, arguing it no longer served the public interest.
While he acknowledged that the Attorney-General’s move to file a nolle prosequi was not necessarily wrong, the MP questioned the rationale behind the partial recovery.
Read Also: AG drops charges against Duffuor, 7 others over uniBank collapse
Speaking on Joy FM’s Super Morning Show, Mr Baffour Awuah said: “Is the 60% the best the State could have gotten? Then the question is, 60% of how much? Because Dr Duffuor himself, at the time, wrote a letter where he acknowledged the fund, which was in the sum of GHS5.3 billion, was procured as a loan by the Directors of the bank, and that the money was used in procuring properties. He stated they were ready and willing to sell the properties to pay off the debt. So in this instance, how much is the 60%?”
The Attorney-General’s office announced the decision to discontinue the case, citing substantial asset recovery and presenting it as a strategic move aligned with global best practices in non-conviction-based asset recovery.
The case was part of broader efforts by the State to address financial malfeasance in the banking sector following the 2018 financial sector clean-up, which led to the collapse of several local banks, including uniBank.
Listen to the full interview below:
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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
