"I sold my mansion and cars to avoid going broke"- Former UT boss Prince Kofi Amoabeng

“I sold my mansion and cars to avoid going broke”- Former UT boss Prince Kofi Amoabeng

Kofi Amoabeng

Prince Kofi Amoabeng, co-founder of the bankrupt UT bank, has discussed some of the methods he used to restore financial stability after the firm’s downfall.

The former military veteran and successful businessman claims to have sold his mansion and moved into an apartment in an effort to restructure his finances and avoid going bankrupt.

The business tycoon claimed to be doing extremely well and grateful despite the fact that the failure of his bank had reduced his once lavish lifestyle.

He revealed that he currently drives a Lexus vehicle which is an upgrade from the Range Rover he used to drive.

watch the video below:

Kofi Amoabeng, commenting on the current economic climate, said he is not concerned about his own future but more about the future of the youth because of corrupt elders.