Defunct banks probe: Isaac Adongo walks out of sitting

Member of Parliament for Bolgatanga Central, Isaac Adongo, has walked out of the ongoing parliamentary enquirer into the banking crisis.

The Finance Committee of Parliament today commenced an in-camera hearing of the scandal that has hit the banking sector in the country.

Seven local banks have collapsed in the past one year.

They include UT Bank, Capital Bank, uniBank, Sovereign Bank, The Royal Bank, The Beige Bank and The Construction Bank.

Speaking to the media after staging the walk out, Mr Adongo said documents made available to the committee members were not sufficient for members to thoroughly interrogate the matter before them.

“I smell a cover up; what they are doing in there is a complete waste of time and I will not be part of this. These issues are already in the public domain so why do you hide some of the documents from committee members.

“It is a serious matter if over 6,000 people will lose their jobs, so we have to be serious as parliamentarians. I’m sorry, I can’t be part of this,” Mr Adongo furiously stated.

The 25-member committee’s decision to secretly probe the collapse of the banks have attracted harsh criticism from a section of the public.

Private citizens, Nana Adofo Ofori and Anthony Mifetoo, petitioned the Speaker of Parliament, Mike Ocquaye to allow for a public hearing of the parliamentary probe into the crisis, but his petition was turned down.

The petitioners argue that the decision of the Finance Committee to conduct the exercise in-camera is pointless and not in the interest of the citizenry.

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