Nii Kotei Dzani

'Ignore and treat as fake news reports of arrest of Nii Kotei Dzani' - Groupe Ideal

Enoch Darfah Frimpong Nov - 21 - 2019 , 12:10

The Chief Executive of the defunct Ideal Finance, Nii Kotei Dzani who is also a member of the Council of State is assisting with an ongoing investigation to find out the reasons that led to the revocation of the license of the company, a statement issued by the Groupe Ideal has stated.

According to Groupe Ideal, media reports suggesting that Nii Kotei Dzani has been arrested and released on bail as a result of misappropriation of some funds in his care is "false."

Meanwhile, the Economic and Organised Crime Office (EOCO) has confirmed to Graphic Online that Nii Dzani was picked up on Wednesday [November 21, 2019] by its officers.

He was taken to the Ministries Police station where he was later released on bail after some hours.

EOCO has since confirmed the arrest and detention to Graphic Online.

Sources at EOCO has told Graphic Online that the Council of State Member was indeed granted a Ghc5million bail with two sureties, one of which is to be justified.

But in a press statement reacting to the media reports, Groupe Ideal explained that Nii Dzani reported to EOCO on Wednesday only to aid investigations into why the license of Ideal Finance was revoked.

"The attention of Groupe Ideal has been dawn to reports that Nii Kotei Dzani, Founder and President of Groupe Ideal, and CEO of Ideal Finance, has been arrested by the Ministries Police but released on bail as a result of misappropriation of some funds in his care," the statement said.

"For the record, this report is categorically false. What happened and continues to happen is as [sic] ongoing investigations to the reasons that led to the revocation of our licenses, the Economic and Organised Crime Office (EOCO), is inviting directors and management of the various companies including Dzani in his capacity as a Director of Ideal Finance," it added.

It added: "Already, leadership of banks, finance houses, savings and loans companies and microfinance companies that have had their licenses revoked by the Bank of Ghana, as part of the financial sector reforms, have been invited by the EOCO and other investigative authorities as part of the investigations into actions that led to the collapse of these institutions."

"... Dzani reported last week and yesterday he was again at the offices of EOCO to aid the investigations. We are committed to rule of law and at the end, justice will prevail and we will be vindicated. Please ignore and treat as fake news the reports of the arrest of Dzani," the statement signed by Ekow Blankson, Director of Corporate Communications and Strategy of Groupe Ideal said.