NPP GERMANY

PRESS RELEASE

20–10–2023

JAILING WILLIAM ATO ESSIEN VINDICATES, JUSTIFIES NPP BANKING SECTOR CLEAN UP

NPP GERMANY finds it refreshing to see the trial involving the former Boss of the defunct Capital Bank, William Ato Essien drawing to a dramatic logical conclusion.

An Accra High Court last week jailed him for 15 years.

William Ato Essien was found guilty of stealing over GH₵90 million belonging to the bank.

Essien, who was convicted in December last year for stealing over GH₵90 million belonging to Capital Bank, avoided a custodial sentence after the court accepted an agreement between him and the Attorney-General (A-G) for him (Essien) to pay the GH₵90 million as restitution to the state.

In a ruling, the court, presided over by Justice Eric Kyei Baffour, held that Essien has failed to pay the restitution to the state per the agreed terms with the A-G.

The agreement was pursuant to Section 35 of the Courts Act, 1993 (Act 459), which allows accused persons standing trial for causing financial loss to the state to pay the money and possibly avoid a custodial sentence.

Essien paid GH₵30 million of the amount on December 1, 2022, and per the agreement as adopted by the court, was ordered to pay the remaining GH₵60 million in three installments with the first installment on or before April 28, 2023, the second on or before August 31, 2023, and the last installment on or before December 15, 2023.

However, Justice Kyei Baffour said as of today, Essien had paid only GH₵7 million out of a possible GH¢40 million, missing the deadlines for April 28 and August 31 this year, bringing the total paid to GH₵37 million of the total GH₵90 million.

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We, NPP Germany, believes strongly that all these illegalities and irregularities were all crafted and covered up under John Mahama and his NDC arsenals who disregarded the laws.

The Nana Addo Dankwa Akufo-Addo-led NPP Government has been vindicated by the turn of events in relation to the capital bank case.

The banking sector clean up was indeed a critical rescue intervention to protecting the people’s money.

Through the banking sector cleaning, NPP demonstrated good governance in ensuring effective and efficient management of public resources.

John Mahama and the NDC watched on so recklessly for all these rot to manifest in high dimensions.

It is therefore very funny to see the same person who has caused so much damage vow and promising new things. John Mahama has never been serious about fighting any corruption in Ghana.

The conviction of Ato Essien will go a long way to send a wild deterrent signal that nobody treats public funds with lavish laundering and impunity.

This will also help restore public trust in government and institutions by showing that those who abuse power will face the consequences fair and square.

Likewise, all corrupt individuals from NDC regime under John Mahama will all dance to the tune of justice and be forced to repay ill-gotten gains, helping to recover stolen public funds or resources.

The NPP Germany believes the NPP will always uphold the principle of justice and hold individuals accountable for their actions, reinforcing the rule of law.

This is the only way to safeguard the interests of society by preventing further harm to public resources and institutions.

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We Say never again to JOHN MAHAMA and the NDC.

Ghanaians should continue to treat NDC and the whole John Mahama team as a walking contradiction and disposal trash bags.

We will continue to urge the good people of Ghana to vote NPP and break the 8 in order to retain the NPP so that the next NPP administration in the helm of governance will continue to give off its best.

We Say KUDOS to Nana Addo-Dankwa Akufo-Addo and his government!!!

Let The Truth Confound The Wise……

Long Live Nana Addo-Dankwa Akufo-Addo!!

God Bless Our Homeland Ghana!!!

Long Live the Elephant Party!!!!

Kukruduuuu Eeeessshiii!!!!

Signed:

Nana Osei Boateng

NPP Germany Branch

Communications Director

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