Receivers sue Otabil, Ato Essien and others to recover GH₵837million

The General Overseer of the International Central Gospel Church (ICGC), Pastor Mensa Otabil, the ICGC and 13 shareholders and directors of the defunct Capital Bank Ghana Limited have been sued for allegedly engaging in acts that led to the collapse of the bank.

Pastor Otabil was the Board Chairman of the defunct bank, while the ICGC was named as a shareholder of the bank in the suit.

The suit was filed at the Commercial Division of the Accra High Court by the receivers of the defunct bank, Mr Vish Ashiagbor and Mr Eric Nipah, both of PricewaterhouseCoopers (PwC).

The plaintiffs are seeking to use the legal action to recover over GH¢837 million, being what they said were loans