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New twist on $1bn IFC 'cash'

Mon, 21 Oct 2002 Source: Kofi Coomson at large for Chronicle

  • D'day for cash, but no bullion in sight
  • Foreign paper traces cash, but British Security drawn in
  • Ayensu, Acquah sighted in Luxembourg

    ON THE very day (last Monday) that the controversial $1 billion fortune was due to hit the Central Bank of Ghana as claimed by Dr. Paul Acquah, Governor of the Bank of Ghana, whose integrity and credibility now hangs by a thread, the e-media community and the financial world were enthralled with information beamed round the globe that the money had finally been traced, sparking a feeling of excitement and relief all around.

    The information was beamed first on the popular Ghana-centred website set up a decade ago by a computer nerd, one old Achimotan, Akoto, an engineer working with Nokia in Finland.

    GHANAWEB screamed in its main news of the day '1 BILLION IFC LOAN TRACED AT LAST' raising smiles all around but sourcing the information to an untested source - a Nigerian daily newspaper, "The Vanguard," one of the many newspapers in the upper crust category. A Ghanaian using a registered alias Osahene Vinciguera posted "The Vanguard" report to Ghanaweb.

    The details of the report have drawn British financial security and regulatory authorities to get involved following follow-ups by this writer into a named Financial company based in UK in the report.

    Curiously, on that very day, Chronicle intelligence had had positive sightings of Professor Edward Ayensu, the source of the cash, entering Dusseldorf Flughaven (airport) where the Governor of the Bank of Ghana, Dr. Paul Acquah, was awaiting his arrival for an onward trip to Luxembourg, the famous haven of off-shore financial houses and home to many international banks.

    The pair later went their separate ways after a couple of days, with Ayensu beating a path to Washington and Acquah skunking off to Accra with no bullion van in tow.

    The cyber report stated that "The Vanguard" traced the sources of the loan through the Internet when a curious observer posted a message on the paper's website last week. It read: "The Vanguard" can conveniently say that the $1 billion loan package is real and lodged in several Banks in Europe and America.'

    The paper credited the information to a consultant of KMG Finance Services of the United Kingdom who disclosed that the IFC booty is part of the over $16 trillion that has been looted by leaders of the Third World, especially Africa and deposited in foreign banks.

    Quick cyber inquiries traced the offices of KMG Finance to York Road in a town called Reigate, a few miles away from Gatwick Airport.

    A senior consultant of KMG Finance, Mr. Collin Edmunds, who said he knew nothing about the deal, later went on the website to retrieve the report citing KMG Finance, contacted his Managing Director who called Yours truly later on at the close of business.

    She sounded uptight about the linkage of the name of the company to the IFC billions: 'I have reported this to the Security Commission you know.. It has absolutely nothing to do with us.'

    She gave her name as Mrs. Palmer, the Managing Director of the company. The report read inter alia "The Vanguard" gathered that the looted cash which is presently kept in the vaults of Banks in Europe, prominently Switzerland, has been re-mobilised by a consortium of Bankers to offer relief for Third World Countries with extremely soft loans to halt their increased demand of their people's cry for the return of their looted money.

    The report continued: "The Vanguard" learnt that the secrecy surrounding the identity of the IFC loan could be linked to the historical linkage between the fund and the missing trillions from the Third World.

    "Tell the good people of Ghana that the $1 billion loan package is real; there is no fishy deal here. Even if the package is a sham who loses? Certainly not the people of Ghana and their sovereign state because unlike other international transactions, the recipient nation loses nothing if the transaction is scuttled."

  • D'day for cash, but no bullion in sight
  • Foreign paper traces cash, but British Security drawn in
  • Ayensu, Acquah sighted in Luxembourg

    ON THE very day (last Monday) that the controversial $1 billion fortune was due to hit the Central Bank of Ghana as claimed by Dr. Paul Acquah, Governor of the Bank of Ghana, whose integrity and credibility now hangs by a thread, the e-media community and the financial world were enthralled with information beamed round the globe that the money had finally been traced, sparking a feeling of excitement and relief all around.

    The information was beamed first on the popular Ghana-centred website set up a decade ago by a computer nerd, one old Achimotan, Akoto, an engineer working with Nokia in Finland.

    GHANAWEB screamed in its main news of the day '1 BILLION IFC LOAN TRACED AT LAST' raising smiles all around but sourcing the information to an untested source - a Nigerian daily newspaper, "The Vanguard," one of the many newspapers in the upper crust category. A Ghanaian using a registered alias Osahene Vinciguera posted "The Vanguard" report to Ghanaweb.

    The details of the report have drawn British financial security and regulatory authorities to get involved following follow-ups by this writer into a named Financial company based in UK in the report.

    Curiously, on that very day, Chronicle intelligence had had positive sightings of Professor Edward Ayensu, the source of the cash, entering Dusseldorf Flughaven (airport) where the Governor of the Bank of Ghana, Dr. Paul Acquah, was awaiting his arrival for an onward trip to Luxembourg, the famous haven of off-shore financial houses and home to many international banks.

    The pair later went their separate ways after a couple of days, with Ayensu beating a path to Washington and Acquah skunking off to Accra with no bullion van in tow.

    The cyber report stated that "The Vanguard" traced the sources of the loan through the Internet when a curious observer posted a message on the paper's website last week. It read: "The Vanguard" can conveniently say that the $1 billion loan package is real and lodged in several Banks in Europe and America.'

    The paper credited the information to a consultant of KMG Finance Services of the United Kingdom who disclosed that the IFC booty is part of the over $16 trillion that has been looted by leaders of the Third World, especially Africa and deposited in foreign banks.

    Quick cyber inquiries traced the offices of KMG Finance to York Road in a town called Reigate, a few miles away from Gatwick Airport.

    A senior consultant of KMG Finance, Mr. Collin Edmunds, who said he knew nothing about the deal, later went on the website to retrieve the report citing KMG Finance, contacted his Managing Director who called Yours truly later on at the close of business.

    She sounded uptight about the linkage of the name of the company to the IFC billions: 'I have reported this to the Security Commission you know.. It has absolutely nothing to do with us.'

    She gave her name as Mrs. Palmer, the Managing Director of the company. The report read inter alia "The Vanguard" gathered that the looted cash which is presently kept in the vaults of Banks in Europe, prominently Switzerland, has been re-mobilised by a consortium of Bankers to offer relief for Third World Countries with extremely soft loans to halt their increased demand of their people's cry for the return of their looted money.

    The report continued: "The Vanguard" learnt that the secrecy surrounding the identity of the IFC loan could be linked to the historical linkage between the fund and the missing trillions from the Third World.

    "Tell the good people of Ghana that the $1 billion loan package is real; there is no fishy deal here. Even if the package is a sham who loses? Certainly not the people of Ghana and their sovereign state because unlike other international transactions, the recipient nation loses nothing if the transaction is scuttled."

  • Source: Kofi Coomson at large for Chronicle
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