Accra, Ghana – In a significant development in the ongoing UniBank case, the Attorney-General has revealed that the accused individuals have furnished UniBank with landed properties collectively valued at GH¢824 million. This move aims to recoup funds lost, with the Attorney-General further stating that the accused will bear responsibility for any deficit in the proceeds generated from the eventual sale of these properties.
According to the Attorney-General’s office, a substantial GH¢0.5 billion has already been recovered from the GH¢1.2 billion targeted from direct beneficiaries involved in the case. Efforts are now focused on securing the outstanding balance of GH¢0.7 billion, in addition to the realization of the recently provided landed assets. These recovery and realization processes are projected to conclude within an eighteen-month timeframe.
The Attorney-General underscored that while an immediate cash settlement of the proposed amount from the accused would have been the preferred outcome, it was not deemed a realistic option following the negotiation proceedings. This indicates a strategic shift towards asset recovery as a primary method for restitution in the high-profile case.
Ruth Abla ADJORLOLO
