Mensa Otabil’s family in ‘serious pain’ – Adu-Asare

Former Adenta lawmaker, Kojo Adu-Asare, has disclosed that friends and relatives of Pastor Mensa Otabil are in serious pain as the public continue to scrutinize his role in the collapse of Capital Bank.

Adu Asare says members of the International Central Gospel Church are determined to wait for the outcome of the ongoing investigations by the security agencies, even though “they are deeply worried about the situation”.

“I know that the family is in serious pain. It is a difficult moment for those of us who are close to him.
“We are all saddened by the situation, but we will wait patiently for the findings of the ongoing probe before commenting on the matter,” Adu-Asare asserted.

The former MP, who doubles as member of the ICGC Adenta branch said these on Adom TV on Tuesday.
Capital Bank, along with another indigenous bank, UT Bank, collapsed in August last year due to liquidity challenges and all their assets taken over by state-owned GCB Bank.

Capital Bank received GHC610 million from the Bank of Ghana to cure its liquidity struggles, but the funds were allegedly mismanaged, leading to its collapse.

The Founder and General Overseer of the ICGC was the Board Chairman of the defunct Capital Bank.

The respected preacher in a statement on Tuesday said that during his non-executive role as a Board Chairman of the bank, some decisions that were 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 various stakeholders in mind.
“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 been adversely affected in any way as a result of these developments.

“My heart goes out to them and to their dependents. I continue to pray for God’s guidance and sustenance as they navigate the course of their lives,” he stated in the nine-point statement.

He concludes in the statement, published in full below, that he will continue to cooperate with the state institutions probing the collapse of the bank.

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