Just in: Prince Kofi Amoabeng granted 110 Million Cedi Bail, asked to surrender passport

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Former Chief Executive Officer of UT Bank and Prsident of UT Holdings, Prince Kofi Amoabeng has been granted bail in the sum of 110 Million Ghana Cedis.

The circuit court, presided over by Justice Essandor granted Mr. Amoabeng bail with two sureties who earn not less than 2 thousand Ghana Cedis.

BestNewsGH.com can report that among the bail conditions is the fact that Mr. Amoabeng must surrender his passport and report twice every week to the police.

The judge, explaining his decision averred that it was based on sound advocacy by Mr. Amoabeng’s lawyers.

BestNewsGH.com had earlier reported that Mr. Amoabeng was picked up from his office in Accra in the morning of today, Tuesday, January 14, 2020 and taken to circuit court 4.

The arrest is in connection with the collapse of UT Bank.

Source: BestNewsGH.com

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Kennedy Mornah is an Award Winning Ghanaian Journalist with over two decades of experience in the Ghanaian Media landscape spanning the electronic, print and digital media. He is a Media Consultant, a Corporate MC, Radio and TV Host, Founder and Publisher of the Maritime and Transport Digest Newspaper, Businessman, a Go getter and an optimist. He has worked for renowned media organizations including Diamond Fm in Tamale, Luv Fm in Kumasi, Oman Fm in Accra and Starr Fm in Accra In 2017 he received the Reporter of the Year Award at the Ghana Shippers Awards in Accra, Ghana.

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