‘I used to drink alcohol in other to get vim to chase loan defaulters’ – Kofi Amoabeng tells sad story about UT Bank
In a one-on-one interview on Peace FM’s flagship program “Kokrokoo”, the former CEO of UT Bank, Capt. Prince Kofi Amoabeng (Rtd), revealed how he used to collect money from clients who came to his bank for loans in a one-on-one interview.
Kofi Amoabeng revealed that he devised a ‘gorilla’ style of chasing his clients who defaulted on their loan payments when speaking about UT Financial Services’ method of ensuring the company’s clients honoured their loan pledges.
Many Ghanaians turned to UT Financial Services for loans because they could get money in as little as 48 hours.
The Bank of Ghana, on the other hand, closed the bank on August 7, 2017, after it failed to meet the minimum capital requirement.
“Despite repeated agreements between the Bank of Ghana and UT Bank and Capital Bank to implement an action plan to address these significant shortfalls, the owners and managers of UT Bank and Capital Bank were unable to increase the capital of the banks to address the insolvency,” BoG statement read.
Kwami Sefa Kayi spoke to Kwami Sefa Kayi about how he and his team seized people’s assets, such as cars, as collateral to pay off the loans.
As a result, whenever a person applies for a loan from the company, he or she is required to transfer the car into UT Bank’s name before the loan can be approved. He explained that he secretly pounced on defaulters and took their cars.
the car the person is driving is UT car. So, if we’re collecting it, it’s because it’s our car”.
He went on to describe how he once stalked a client who was not repaying his loan.
“One thing I used to do is that if you don’t come to redeem yourself and I come to your house to meet your absence, I will search for where they sell Guinness and strategically sit there watching your gate. If you’re lucky and I drink one or two, then it means I am not drank yet, but if you keep long and I gulp about four or five bottles, then you are in trouble when I find you,” he said.
below is his video;
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