Ecobank 'Ghost' account: Freddie Blay, Abankwa to be sanctioned

An Ecobank ‘secret’ account was purported to be operated by the acting national chairman Freddie Blay and Treasurer, Kwabena Abankwa Yeboah. can confirm that the Committee set up to investigate two top hierarchies of the opposition New Patriotic Party over the operation of an alleged secret account at Ecobank has made adverse findings against them.

The two, have been accused of diverting funds at Ecobank which is against the party’s laid down procedures by an NPP Youth activist, Baah Acheamfour.

The matter has since become a subject of police investigations after the said youth activist lodged a complaint at the Criminal Investigations Department, CID.

The two accused persons have since denied any wrongdoing, as investigations into the matter.

The Special Committee to investigate the matter has also accused Freddie Blay of usurping suspended Paul Afoko and acting out of proper party procedure.

The report of the committee is expected to be placed before the National Executive Committee (NEC) to be acted upon.

There are also calls for the two national executives to be sacked from the party.

It would be recalled that the shocking revelation of the existent of the account, which was previously unknown to some of the national executives of the party including the suspended National Chairman and General Secretary came to light when kingpins of the party questioned the veracity of the allegation of a secret account at ECOBANK at the Trust Towers, and which was alleged to be holding about GH¢6.2million, but, that had since shrunk to GHؔ¢5.1 million.

According to reports, two senior members of the party, who are alleged to be signatories of the said account and which is without the knowledge and consent of the suspended National Chairman, Paul Afoko, General Secretary, Kwabena Agyei Agyepong and the party’s finance committee, were extensively questioned by members.

Report also indicates that when it was finally revealed that the account, which was kept away from the National Chairman and General Secretary and which had over GH¢6.2 million previously had shrunk to GH¢5.1 million, members became agitated, with one senior member of the party immediately calling for further probe and possible sanctions.

In a letter signed by the embattled Afoko to the National Treasurer of the party, he said he doesn't know any Ecobank account, however, the said account was under investigations and until the issues are settled, he is unable to accede to request from the party.


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