Ken Agyapong drops 'bombshell' on receiver of collapsed financial institutions

Member of Parliament (MP) for Assin Central, Kennedy Agyapong, has made serious allegations against the Bank of Ghana-appointed receiver for defunct financial institutions, Eric Nana Nipah of Price Waterhouse Coopers (PWC), MyNewsGh.com has filed.

The NPP MP is of the firm conviction that Eric Nipa is working in the interest of the opposition National Democratic Congress(NDC) and must be sacked immediately.

According to him, BoG governor, Ernest Addison must prepare to go out and campaign alone for Akufo-Addo’s re-election if Eric Nipah is not dismissed.

Kennedy Agyapong, who has gained notoriety for making allegations without evidence, said Eric Nipah is an NDC member and is in cahoots with his party to make government unpopular by dragging and frustrating ordinary Ghanaians.

He says the process of validation and payment is snail-paced deliberately to take the crisis deep into 2020 as part of the agenda, hence, NPP must watch out.

“NPP people behave like they are the most democratic in the whole world. The guy is a typical NDC, thick! Did they check the background? I don’t mind giving a contract to a Ghanaian. I don’t have a problem, but where he plays politics to sabotage you... Are you dumb?” he quizzed.

He was speaking on Net2 TV monitored by MyNewsGH.com.

It was also alleged on the show that PwC has ‘confessed’ that they have nothing to do with the receivership, and that it is Eric Nipah’s ‘personal contract’.

“I am not saying don’t employ Ghanaians or don’t employ NDC. What I am saying is that, don’t give a job to someone who will sabotage your vision, why should you subject yourself to that? Why?” Kennedy Agyapong asked.

“The guy doesn’t have the bigger picture, and all he is doing is to sabotage this government. We are stupid to give the contract to him... I don’t give a damn about the governor! “No no no…! Hell no!"

Who is Eric Nana Nipa

Eric Nana Nipah is a Director of PricewaterhouseCoopers (Ghana). He was appointed as receiver for the purpose of winding down the affairs of the collapsed banks.

The BoG revoked the licenses of several banks and twenty-three insolvent savings and loans companies and numerous finance house companies

The main duties of the receiver include: to maximize asset realizations for the benefit of creditors including mainly depositors and to distribute realizations in accordance with the relevant provisions of Act 930, to satisfy the indebtedness of these institutions to their body of Creditors, to the extent possible.

Eric N. Nipah is an expert in and forensic practice in Ghana, with over 16 years’ experience in finance and accounting and has been with PwC for over ten years working on insolvency and forensic assignments.

Prior to joining PricewaterhouseCoopers, Eric worked in the UK office of Global Business Consultancy services as a management consultant. His experience cuts across fraud investigations, anti-bribery & corruption (FCPA & UKBA) reviews, corporate intelligence, dispute analysis, governance, risk and compliance reviews, risk assessment, financial reconciliation and independent business reviews.

He earned a B.A. (Hons) Social Sciences Degree from the University of Science & Technology, Ghana and an MBA in Business Finance from the University of Humberside and Lincolnshire, UK. He is also a member of the Chartered Association of Certified Accountants (ACCA) and Ghana Association of Restructuring and Insolvency Advisors (GARIA).