Captain (Rtd) Prince Kofi Amoabeng, the founder of the now-defunct Unique Trust Bank, has spoken out about how the banking sector clean-up exercise has affected his financial and personal life.

He claims that the demise of UT Bank and its consequences led him to sell off his mansion in order to keep from going bankrupt.

The former head of the UT bank revealed that he currently only had one pair of shoes and a watch to his name in an interview with Accra-based TV3.

“I have one watch and one shoe. So, I do not need much money. I don’t have to have a lot of money to enjoy life. I’m very comfortable. I live in an apartment. I sold my mansion to reorganise myself and for me not to go broke.”

“I’m not too much worried about people like me but I am worried about people who need validation and get so corrupt and do all sort of things that impacts the country and the younger generation negatively,” he added.

Following a recent image which went viral on social media, Prince Kofi Amoabeng said philanthropist and businessman, Seidu Agongo, offered to extend his benevolence to him when he appeared in images wearing an unusually scruffy beard.

The image however forced social media users to raise concerns over the health and well-being of the former UT bank founder.