The University of Ghana (UG) says it has dragged three financial institutions under receivership to court in an attempt to recover their locked-up funds.
The three institutions - NDK Financial Services, NTHC Financial Services, and Delta Capital - together hold a total of GH¢5 million of investment from the premier University.
Answering questions from Parliament's Accounts Committee (PAC) on the infractions captured in the Auditor General's Report, Acting Legal Counsel of the University, Dr Abdul Baasit Aziz Bamba, said they have resorted to legal actions in the hope of retrieving the money.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
We’ll cut down imports and boost consumption of local rice and other products – Mahama
51 mins -
Prof Opoku-Agyemang donates to Tamale orphanage to mark her birthday
2 hours -
Don’t call re-painted old schools brand new infrastructure – Prof Opoku-Agyemang tells gov’t
3 hours -
Sunon Asogli plant will be back on stream in a few weeks – ECG
3 hours -
ECOWAS deploys observers for Dec. 7 election
3 hours -
73 officers commissioned into Ghana Armed Forces
3 hours -
Impending shutdown of three power plants won’t happen – ECG MD
3 hours -
Ghana shouldn’t have experienced any ‘dumsor’ after 2017 – IES Boss
4 hours -
Lamens flouted some food safety laws in re-bagging rice – Former FDA Boss Alhaji Hudu Mogtari
4 hours -
Afcon exit: Our issue is administrative failure and mismanagement, not lack of talent – Saddick Adams
5 hours -
WAPCo to commence major pipeline maintenance and inspection from November 25
5 hours -
CEO of Oro Oil Ghana Limited Maxwell Commey listed among the 100 Most Influential People Awards, 2024
5 hours -
Power crisis: Amandi is off due to maintenance, not debt – ECG Boss
5 hours -
Votes cast for late Akua Donkor to be declared invalid – Electoral Commission
5 hours -
You can’t keep “incompetent” Otto Addo for the long term – Countryman Songo
6 hours