Accra High Court accepts Ato Essien’s ¢90m repayment terms

Accra High Court accepts Ato Essien’s ¢90m repayment terms

An Accra High Court has accepted the terms of the settlement reached between the state and William Ato Essien, founder of defunct Capital Bank.

This comes on the back of an earlier rejection by the court on the proposed settlement.

Mr Essien has been charged with the offence of conspiracy to steal, stealing and money laundering.

In court on Tuesday, state prosecutors and lawyers for Ato Essien advanced arguments to convince the court that the terms of the settlement reached between the two parties is the best deal for the state.

In the agreement, Mr Essien has already paid an amount of ¢30 million out of the ¢90 million he’s agreed to pay.

Source: Myjpyonline.com

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