Pastor Mensa Otabil Speaks On Capital Bank Issue

ICGC founder and board chairman of the defunct Capital Bank Dr. Mensa Otabil has open up on his duties at the bank explaining that he had a “non-executive role”.

He however explained in a statement Tuesday that decisions were made at the bank with the best of intentions.

“My position was a non-executive role. I was therefore not involved in the day-to-day management and operations of the Bank”.

Below are details of the statement by Dr. Otabil

Greetings!

1. I have observed with concern, the ongoing media discussions

regarding developments in the Banking Sector and my role either directly or

indirectly.

2. I accepted to be Board Chairman of Capital Bank in a bid to help

strengthen a promising Ghanaian enterprise that had potential but also

challenges. I was excited about the prospects of a young man from a

disadvantaged background who was daring to create opportunities and

employment.

3. My position was a non-executive role. I was therefore not involved in the

day-to-day management and operations of the Bank.

4. In the course of time, some decisions 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.

5. 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.

6. Since the takeover of the bank exactly a year ago today, various

mandated state institutions have been investigating and working to arrive at

a comprehensive understanding of what happened, why it happened and

who was responsible for what. I have been invited by EOCO and I have

submitted myself to their processes and answered all their questions

faithfully.

7. For some time now, many discussion platforms have made varied

references to me and to my perceived role. Some have reached out to me

for clarifications regarding issues that have been raised. I have preferred

not to respond in the public domain, not as an admission of guilt, but out of

respect for the due process and the ongoing investigations.

8. Notwithstanding some unforeseen outcomes, I remain resolute in my

belief in the Ghanaian and African entrepreneurial spirit. I will therefore

continue to lend my support and mentorship to inspire others who dare to

dream and work towards the promise of Africa’s growth and transformation.

9. Meanwhile, as a believer in the rule of law, I will continue to cooperate

with the mandated institutions of state as they complete their investigations.

I am confident that in the process, the national interest and the rights of all

parties involved will be protected.

Shalom, peace and life to you.

Signed,

Pastor Mensa Otabil.

14th August, 2018.