In an interview on TV3’s The Day Show on November 2, 2023, Capt. (rtd) Prince Kofi Amoabeng, the founder of the now-defunct UT Bank, shared his account of the hardships he faced preceding the bank’s closure
Amoabeng suggested that influential figures within the Akufo-Addo administration, whom he referred to as ‘cockroaches’ harboring envy, exploited state institutions to undermine him.
During his legal proceedings for alleged financial malfeasance, Amoabeng disclosed that he obtained court permission to travel to the United States for a medical examination.
Despite this, he claimed that certain powerful individuals within the government utilized state mechanisms to influence the U.S. embassy, branding him a security risk.
The founder’s narrative underscores the challenges he contends he encountered, insinuating a coordinated effort to tarnish his reputation. Amoabeng’s assertions imply that his legal battles were entwined with political maneuvering, creating a complex backdrop to the issues surrounding UT Bank’s closure.
These revelations shed light on the intricacies surrounding the downfall of UT Bank, hinting at a larger narrative of political interference and personal vendettas. Capt. Prince Kofi Amoabeng’s story serves as a testament to the multifaceted nature of the events leading up to the closure of the bank.
