The founder and leader of the International Central Gospel Church (I.C.G.C) Dr. Mensa Otabil has finally opened up on his involvement as a board member of defunct Capital Bank.
Social media has been on fire for some days now after the Bank of Ghana issued a statement on some banks and why they were closed down. It was during this period that a revelation came out that Capital Bank that has the celebrated Ghanaian preacher as their board member received an amount of GHC 610million to sustain it but the money couldn’t serve its purpose as the bank was shut down by the Central Bank.
These made social media users attack the General Overseer of ICGC with some of his church members launching a campaign “I stand with Dr. Mensa Otabil” to declare their support for him.
Well, seems the attack has gotten to the Man of God and he on Tuesday dawn released a statement stating his involvement in the whole Capital Bank brouhaha.
Read his statement below;
PRESS RELEASE FROM PASTOR MENSA OTABIL
RE: CAPITAL BANK AND RELATED MATTERS
1. I have observed with concern, the ongoing media discussions regarding developments in the Banking Sector and my role either directly or
2. I accepted to be Board Chairman of Capital Bank in a bid to help strengthen a promising Ghanaian enterprise that had potential but also
challenges. I was excited about the prospects of a young man from a disadvantaged background who was daring to create opportunities and
3. My position was a non-executive role. I was therefore not involved in the day-to-day management and operations of the Bank.
4. In the course of time, some decisions made turned out well while some did not turn out as well as had been anticipated. As far as I can tell,
everything was done with the best of intentions and the interest of various stakeholders in mind.
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5. My foremost concern, as has been the case over the past year, is for the well-being of those who lost their jobs and those who may have been adversely affected in any way as a result of these developments.
My heart goes out to them and to their dependents. I continue to pray for God’s guidance and sustenance as they navigate the course of their lives.
6. Since the takeover of the bank exactly a year ago today, various mandated state institutions have been investigating and working to arrive at a comprehensive understanding of what happened, why it happened and who was responsible for what. I have been invited by EOCO and I have submitted myself to their processes and answered all their questions faithfully.
7. For some time now, many discussion platforms have made varied references to me and to my perceived role. Some have reached out to me
for clarifications regarding issues that have been raised. I have preferred not to respond in the public domain, not as an admission of guilt, but out of respect for the due process and the ongoing investigations.
8. Notwithstanding some unforeseen outcomes, I remain resolute in my belief in the Ghanaian and African entrepreneurial spirit. I will therefore continue to lend my support and mentorship to inspire others who dare to dream and work towards the promise of Africa’s growth and transformation.
9. Meanwhile, as a believer in the rule of law, I will continue to cooperate with the mandated institutions of state as they complete their investigations.
I am confident that in the process, the national interest and the rights of all parties involved will be protected.
Shalom, peace and life to you.
Pastor Mensa Otabil.14th August, 2018
Capital Bank, along with another indigenous bank, UT Bank, collapsed in August last year due to liquidity challenges and all their assets taken over by state-owned GCB Bank.