Former Board Chair of collapsed Capital bank has issued a 9-point statement in response to criticisms of his role that led to the collapse of the bank.
According to the founder of the International Central Gospel Church (ICGC), his position as Board Chair was a non-executive role and as such â€œwas therefore not involved in the day-to-day management and operations of the Bank.â€
Read: Capital Bank collapse: Iâ€™m cooperating with EOCOâ€™s investigation â€“ Otabil
He said, his decision not to speak on the matter was out of respect for due process, rather than an admission of guilt.
â€œI have been invited by EOCO and I haveÂ submitted myself to their processes and answered all their questionsÂ faithfully,â€ the statement read.
Pastor Mensa Otabil ended his statement by sympathising with former workers of Capital Bank and their relatives. He said he wasÂ confident that in the process of investigating the issue, â€œthe national interest and the rights of all parties involved will be protected.â€
Read: Otabil speaks on Capital Bank collapse
Read Below the full statement:
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
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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 aÂ 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 variousÂ stakeholders in mind.
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 beenÂ adversely affected in any way as a result of these developments.
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My heart goes out to them and to their dependents. I continue to pray for Godâ€™sÂ 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 atÂ a comprehensive understanding of what happened, why it happened andÂ who was responsible for what. I have been invited by EOCO and I haveÂ submitted myself to their processes and answered all their questionsÂ 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 preferredÂ not to respond in the public domain, not as an admission of guilt, but out ofÂ 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 willÂ thereforeÂ continue to lend my support and mentorship to inspire others who dare toÂ dream and work towards the promise of Africaâ€™s growth and transformation.
9. Meanwhile, as a believer in the rule of law, I will continue to cooperate with the mandated institutions ofÂ stateÂ 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, peaceÂ andÂ life to you.
Pastor Mensa Otabil.
14thÂ August,Â 2018.