GCB Bank Lays off Some Staff Members they Took from Defunct UT and Capital Banks with Only One Month Salary

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Some of the staff members of the now-defunct Capital and UT Banks, which were subsumed by GCB Bank, are now out of work after the bank laid them off.

The affected staff members were served with their letters of termination earlier this month and were told they would only receive one month’s salary to be kicked to the curb.

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Pastor Mensa Otabil Is Back After The Ghc610 Million Scandal; Subtly Says Ghana Lacks ‘Practical Wisdom’

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The Founder and General Overseer of the International Central Gospel Church (ICGC), Dr Mensa Otabil is back after the Ghc610 million Capital Bank scandal.

And he has this to say: a country with weak systems lack practical wisdom and he is damn right because if Ghana had strong and working systems, all the directors and board members of collapsed Capital Bank including himself wouldn’t be walking as free men for misappropriating Ghc610 million taxpayers money.

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EXPOSED: Mensa Otabil And Shareholders Took Over GHC 450m Fom Capital Bank

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Some banks in Ghana took loans from Ghana Commercial Bank but couldn’t pay as promised hence making Ghana Commercial Bank collapse such banks and Capital Bank happens to be one of its victims.

Pastor Mensa Otabil, the founder of the International Central Gospel Church who was the chairman of the bank was said to have embezzled some funds of the bank.

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‘Non Executive Director’ Mensa Otabil And ICGC Sued For Capital Bank Collapse

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The collapse of Capital Bank and it’s waste of taxpayer resources is set to be adjudicated in court after two plaintiffs sued the shareholders of the bank.

Dr Mensa Otabil, ICGC and 13 other shareholders of the now defunct bank are being sued for their role in its collapse and the subsequent waste of taxpayer funds meant to get the bank back on its feet.

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The Approved Banking List — Here’s Bank of Ghana’s List Of Licenced Banks In Ghana

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The public’s confidence in Ghana’s banking sector has been completely destroyed in recent times. From collapsed banks to micro finance companies having to assault customers rather than paying them, it’s a very difficult time for the industry.

Jobs are being lost, people are losing money and worse of all, confidence is crumbling which if not arrested could have a ripple effect on the entire industry.

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Martha Ankomah Speaks On Capital Bank Collapse And Her Comments Really SURPRISE US

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Martha Ankomah

Actress Martha Ankomah has commented to the Mensa Otabil-Capital Bank saga and unfortunately she seems to be towing the line of the good religious Christian who is not allowed to raise any questions.
According to her, Otabil has been a good pastor and a ‘man of integrity’ and therefore she doesn’t see how he could have done what he’s accused of.

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WTF OF THE WEEK: Man In The Grips Of The Police For Stealing MP's Toilet Rolls; What Happened To Those Who Squandered Our Ghc610m?

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Board of Directors of the collapsed Capital Bank chaired by a prominent ‘man of God’, Dr Mensa Otabil managed to squander Ghc610 million taxpayers money granted to them by the Bank of Ghana and till now, absolutely nothing has been done to retrieve and punish those involved.
The Ghc610 million scandal has become one of those ‘foolish cases’ ─I mean it has gone down the drain obviously because those involved are ‘big’ untouchable men.

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WTF OF THE WEEK: Man In The Grips Of The Police For Stealing MP’s Toilet Rolls; What Happened To Those Who Squandered Our Ghc610m?

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Board of Directors of the collapsed Capital Bank chaired by a prominent ‘man of God’, Dr Mensa Otabil managed to squander Ghc610 million taxpayers money granted to them by the Bank of Ghana and till now, absolutely nothing has been done to retrieve and punish those involved.

The Ghc610 million scandal has become one of those ‘foolish cases’ ─I mean it has gone down the drain obviously because those involved are ‘big’ untouchable men.

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Manasseh Azure Finally Speaks — 'Plenty' English, No Sense To Defend One Man

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Joy Fm’s Mannasseh Azure Awuni has finally broken his ‘awkward’ silence on the Capital Bank Collapse saga and to nobody’s surprise, he’s in with a litany of excuses as to why he’s not said anything about his spiritual father’s scandal.
Not only does he defend his silence but Manasseh makes the case that Mensa Otabil has been unfairly treated by Ghanaians with some over the top allusions to ‘great men’ in history.

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"Money Is So Easy To Understand," — Mensa Otabil Said After Being Named Capital Bank Board Chair (Video)

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Mensa Otabil

An old video of a sermon by Mensa Otabil probably explains why he managed to preside over the collapse of Capital Bank in such a nonchalant fashion and later remains remorseless over everything he’s done.
In the video, Otabil brags to his congregation that he knows nothing about banking but has been appointed board chairman of a bank.

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I Stand With Dr Mensa Otabil — Trigmatic

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Ghanaian Hiplife artiste, Trigmatic has stated without mincing words that he stands with the Founder and Leader of the International Christ Gospel Church (ICGC), Pastor Mensa Otabil in the misappropriation of the Ghc610 million taxpayers money by board members of Capital bank chaired by the man of God.
The rapper who was a guest on GhOne TV’s “CelebrityFanZone” show indicated that once Pastor Mensa Otabil hasn’t been fished out by any investigative body as to whether he was directly or indirectly involved in the misappropriation of the money granted to Capital bank by the Central Bank, there is no way he’s going to join the masses to call for his head.

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(AUDIO) You Called Former President Mahama Incompetent Yet You Couldn't Manage Capital Bank Upon All Your Big Grammar — Kumchacha 'Shades' Mensa Otabil

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Hilarious man of God, Prophet Kumchacha has slammed pastor Mensa Otabil for his negligence over the collapse of Capital Bank and also the ‘squandering’ of the Ghc610 million taxpayers money by the board of directors of the bank.
Prophet Kumchacha in an interview with Gatuso on Kasapa FM’s “Aben Wo Ha” show said;

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We Don't Need Your Prayers Or Your Sympathy — 'Suffering' Former Staff Of Capital Bank Fires Mensa Otabil's Pathetic Statement

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Mensa Otabil released the most pathetic statement ever in response to the Capital Bank collapse and the revelations made in recent days about how the board of the bank squandered a Ghc 610m bailout from the Bank of Ghana.
In the statement, Otabil said he’s worried most about those who lost their jobs and reserved some prayers for them in their difficult times.

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Mensa Otabil Breaks Silence On Capital Bank Collapse With Excuses Galore — Claims He Was Not Involved In 'Day to Day' Running Of The Bank And That "Everything Was Done With The Best Of Intentions"

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Pastor Mensa Otabil has finally broken his silence on the Capital Bank issue and unsurprisingly, he’s come armed with all the excuses in the world, refuses to take any responsibility and he’s adding in some religious language to soothe his legion of blind followers.
In a statement released by the preacher addressing the issue, he tries to separate himself from what happened by claiming he wasn’t involved with day to day running of the bank.

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You Can Hang Or Fly With Otabil, No One Cares — Afia Schwar Slams ICGC Followers Again And Calls Them Same As Obinim's Followers

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Afia Schwarzenegger

Afia Schwarzenegger is having the time of her life slamming the hypocritical followers of Dr Mensa Otabil, the alleged Capital Bank money chopper.
In a new post on Facebook, Afia laughs at followers of Otabil, who she says are at the same level of intellect as followers of Bishop Obinim.

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(VIDEO) Former Capital Bank Deputy Manager Now Grills Pork For Survival

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The aftermath of the collapse of UT Bank and Capital Bank for some of their employees haven’t been the best as most of them are currently struggling to find their feet back in life.
Raymond Dankwa, a deputy manager in the now-defunct Capital Bank now sells grilled pork to make a living after he was fired by the new owners of the bank.

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NEW SONG: Wanlov Da Kubolor Has Finally Dropped "Anointed Teef" Dedicated To Dr Mensa Otabil

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As promised by Wanlov Da Kubolor in a previous article by Ghanacelebrities.com, the musician has finally dropped the song “Anointed Teef” dedicated to Pastor Mensa Otabil.
This song comes on the back of the squandering of Ghc610 million taxpayers money by the board of directors of Capital Bank chaired by Pastor Mensa Otabil.

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I Choose To Stand With Poor Ghanaians Over Standing With "A Man That Watches Animal Kingdom And Yet Preaches To Human Beings" — Afia Schwar 'Tears' Dr Otabil Apart

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The host of TV Africa’s “Konkonsa Police” show, Afia Schwarzenegger has added her voice to the social media campaign, #IStandWithOtabil concerning the involvement of Dr Mensa Otabil in the squandering of the Ghc610m taxpayers’ money granted by the Bank of Ghana to Capital Bank.
Afia even though decided to stay off the issue but the #IStandWithOtabil social media campaign by some Ghanaians have pissed her off hence breaking her silence on the issue.

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Ghc 27.5m For 'Business Promotion', Ghc 2.6m For Rebranding And Other Frivolous Expenditures — How 'We''ll Spend Millions And Billions' For God Mensa Otabil And Capital Bank Board Wasted Bailout Money

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Pastor Mensa Otabil

Ghanaians are the biggest ostriches this planet have ever seen. No matter what goes on with pastors like Otabil their indoctrination would not allow them to admit one man is amassing so much wealth at their own expense.
Otabil literally tells them I need your money to chop, ostensibly to serve God in heaven and they happily give it to him yet diss anyone who dares make any comments about it.

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Workers Of Defunct Capital And UT Banks Served With Letters Of Termination

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The contracts of about a couple thousand workers of the now defunct Capital and UT Banks have been terminated, reports indicate.
The two banks were recently closed down by the Central Bank due to some financial challenges, and one of the biggest questions was about what the eventual fate of their workers.

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"I Want To Marry A Man Like My Father" – Mensah Otabil's Daughter Pens Down An Emotional Letter

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Mensah Otabil and Baaba Otabil

Pastor Mensah Otabil from the past month has been suffering ballistic criticism than any public figure resulting from his “Greater Works” dollar offerings.
At the climax of it is the collapse of Capital Bank – which he was one of the Board Of Directors who failed to keep the performance of the bank apt.

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Pastor Mensa Otabil – People Who 'Look Like Insults' Are The Ones Who Have The Nerve To Criticize Me

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‘Man of God’ Pastor Mensa Otabil has just about had it with criticism of his noble self and lashed out against his critics in his sermon on Sunday.
The ICGC founder told his congregation that it’s people who themselves ‘look like insults’ who gather up the nerve to insult him. 

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To Tithe Or Not To Tithe? – The Collapse Of Both UT And Capital Banks Leaves The Way Forward In Regard To Tithing Quite Unclear

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Ghanaians were shocked Monday when the Bank of Ghana swiftly announced that two Ghanaian banks – Capital Bank and UT Bank – were both insolvent and had been sold to GCB Bank.
The Bank was thus taking over the operations and infrastructure of the two banks, helping save the deposits of customers who would otherwise been in distress had the two banks gone bankrupt.

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Staff Of UT And Capital Banks Facing Layoffs As GCB Looks To Downsize

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The management of GCB Bank is set to downsize staff at the two collapsed banks they have taken over, the CEO has announced.
Raymond Sowah, CEO of the state owned entity, said at a press conference Tuesday that they would conduct a skills assessment test on the employees of the two banks, to enable them decide on who to keep and who to let go.

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Closure Of UT And Capital Banks: Rapper Edem Says Such Issues Make People Lose Confidence In Ghanaian Owned Businesses

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Edem

Rapper Edem has expressed concern over the closure of two indigenous banks – UT Bank and Capital Bank.
Writing on twitter, Edem lamented the troubles of the two banks and said such issues make people lose confidence in our local institutions.

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No Other Banks In Same Situation As UT And Capital Bank – Bank Of Ghana Clarifies

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The Bank of Ghana has denied reports that some other banks are in similar situations to UT Bank and Capital Bank.
The shut down of the two and their takeover by GCB Bank has sparked questions over whether other local banks are in similar dire straits and might require action by the Central Bank.

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