Reverend Fitz Odonkor detained by EOCO over Capital Bank collapse

Rev Odonkor was detained after he honoured an invitation by the Criminal Investigation Department (CID) to appear before them for further investigation over the collapse of the bank.

Rev. Odonkor and two other directors of the bank, Pastor Mensah Otabil, Founder of the International Central Gospel Church, ICGC, and William Ato Essien, were all invited to answer questions for their roles in the bank’s collapse.

This was because the 2 banks faced serious liquidity challenges at the time which affected the continuous existence and the financial industry altogether.

This was after the GCB Bank completed the full integration of the systems of the 2 banks.

A statement issued indicated that the closing down of some of the defunct branches brings the total number of GCB Bank’s branches to 183.


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