SIC faces collapse over massive fraud

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Ebenezer Kyei 12 years ago

the system of paying bonuses to 'deserving' people has never helped any company.... the Board has not been ethical at all in their business... the company company should shift to a more conservatism way of rewarding their emp ...
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the system of paying bonuses to 'deserving' people has never helped any company.... the Board has not been ethical at all in their business... the company company should shift to a more conservatism way of rewarding their employees....how can MD and Board Chairman walk together, except to steal..
Vuvuzela 12 years ago

If you undertake investigating all public/state companies I can ascertain YOU WILL find the rot each. Such is the face of the country once called Gold Coast.

Ghana is fast becoming a failed state if it has not already ach ...
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If you undertake investigating all public/state companies I can ascertain YOU WILL find the rot each. Such is the face of the country once called Gold Coast.

Ghana is fast becoming a failed state if it has not already achieved that status.

IN a state where NO ONE except goat thieves would get jailed, this is what happens. Do we have to begin shedding tears?

The British need to come back.
Abutia kudzo 12 years ago

Very sad if this news report is true. No conscience left alive - All mortgaged to the devil.

Very sad if this news report is true. No conscience left alive - All mortgaged to the devil.
citizen 12 years ago

Hope this does not affect peoples' premiums.

Hope this does not affect peoples' premiums.
Nicholas . J. Bedzo 12 years ago

What so ever they are doing will affect the premiums of the people.

What so ever they are doing will affect the premiums of the people.
BYE 12 years ago

LET US BE SERIOUS.....DO WE NEED BOARD MEMBERS AT ALL.....

LET US BE SERIOUS.....DO WE NEED BOARD MEMBERS AT ALL.....
EZEKIEL 12 years ago

Which INSTITUTION functions PROPERLY in Ghana....APART from "Corruption" AT ALL??
We read the DAMAGING REPORTS and ALL we do is to GIVE-IT-TO-GOD !!!!No court case for MIS-MANAGEMENT,Financial Damage to the State.....NOTHING ...
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Which INSTITUTION functions PROPERLY in Ghana....APART from "Corruption" AT ALL??
We read the DAMAGING REPORTS and ALL we do is to GIVE-IT-TO-GOD !!!!No court case for MIS-MANAGEMENT,Financial Damage to the State.....NOTHING !!!!
When will the Blackman LEARN to work for the NATION ????Our law courts are MOSTLY for fowl stealing,defilement,and nothing more.
Kofi 12 years ago

What about the SIC workers themselves. They do not like to work. Lazy people. They should continue talking rubbish and let their company collapse so they see what happens in the real world. Do you think people get free money ...
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What about the SIC workers themselves. They do not like to work. Lazy people. They should continue talking rubbish and let their company collapse so they see what happens in the real world. Do you think people get free money for no work done and sleep like you do. Get away.
Frankod 12 years ago

That's black man for you. Always finding ways of cheating on his fellow citizens. This gives clear indications that the company failed on its part to employ honest, fair, God-fearing and just BOARD AND MANAGEMENT to run the c ...
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That's black man for you. Always finding ways of cheating on his fellow citizens. This gives clear indications that the company failed on its part to employ honest, fair, God-fearing and just BOARD AND MANAGEMENT to run the company for the common workers whose future rest on this little monies they have saved. If the story is true, then the contributors must wake up to ensure the proper thing is done.
Hebert, Sweden 12 years ago

Yes Franknord! I cannot understand Ghanaians, we prefer talking than doing. Why should we try to destroy our Nation, where we are born to live happily than nowhere? What sorts of behaviour we have within us? It is very sad in ...
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Yes Franknord! I cannot understand Ghanaians, we prefer talking than doing. Why should we try to destroy our Nation, where we are born to live happily than nowhere? What sorts of behaviour we have within us? It is very sad indeed to hear or read such news, or are they fabricated? So those at the heads can not be sacked and prosecuted properties ceased? Let us be seriuos or else we shall meet the same fate like Greece and many othere collapsed countries in Europe. But, mind you ours will be worst.

Danny 12 years ago

The Board must be prosecuted immediately, and must refund every penny. Anyway do we even have a functional financial crimes court in Ghana? God help our nation Ghana.

The Board must be prosecuted immediately, and must refund every penny. Anyway do we even have a functional financial crimes court in Ghana? God help our nation Ghana.
FREEMAN 12 years ago

These boards which have never successfully run a company in Ghana are worse than arm robbers. All that they think is how to cheat, amass wealth left and right. Our worship of materials in this country makes it impossible to d ...
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These boards which have never successfully run a company in Ghana are worse than arm robbers. All that they think is how to cheat, amass wealth left and right. Our worship of materials in this country makes it impossible to discern good from bad.

SIC is a state company how do these very expensive vehicle serve SIC?
Agyepong Ntra 12 years ago

I am surprised that people seem to be surprised at what is happening at SIC. It is all over the place in public institutions where massive revenue is generated. No accountability in Ghana. As a nation we are only surviving by ...
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I am surprised that people seem to be surprised at what is happening at SIC. It is all over the place in public institutions where massive revenue is generated. No accountability in Ghana. As a nation we are only surviving by the grace of God.
KWAME 12 years ago

A similar thing which happened in the year 2000 to one of the reliable state bank, Bank for Housing & Construction is to be revisited on SIC.
Individual greed and selfishness caused the collapse of this state bank.
It is ti ...
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A similar thing which happened in the year 2000 to one of the reliable state bank, Bank for Housing & Construction is to be revisited on SIC.
Individual greed and selfishness caused the collapse of this state bank.
It is time for civil society to rise to defend their cause because the greedy individuals in our society are desirous of causing havoc to our collective interest.
insight to the bone 12 years ago

national security has failed on all points and is practically nonexistent so much so any fool can see the results of the disintegration of the institutions of state slowly crumbling to the vice-grip of widespread corruption ...
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national security has failed on all points and is practically nonexistent so much so any fool can see the results of the disintegration of the institutions of state slowly crumbling to the vice-grip of widespread corruption and incompetence. they now want to shoot some priest for saying the president will die but what they dont see is that the president is already dead a walking zombie . what would have happened if obama had not respected to spirit of the institution of presidency and presented a cabinet dominated by his chicago homies or indulged in out of the ordinary meetings with controversial characters or these strange financial transactions with gold . in short the national security is being rule by incompetent amateurs who are not capable of advising the institution of the presidency of the pros and cons of any action instead they walk around like glorified night watchmen just chopping the tax payers money
KK 12 years ago

It is sad things like these are happening, if indeed true. Our financial market and indeed economy cannot develop if such criminal activities take over our corporate sector. What are the regulators doing about such things? Do ...
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It is sad things like these are happening, if indeed true. Our financial market and indeed economy cannot develop if such criminal activities take over our corporate sector. What are the regulators doing about such things? Do they have clean hands anyway? Some of us even feel there are market manipulation on the Ghana Stock Exchange. Regulation of the market should be more robust than it is now.
PAA YAW 12 years ago

hope this would not affect investments customers have at SIC

hope this would not affect investments customers have at SIC
Yaa Nkosuo 12 years ago

That's the trouble.

I am a Policy holder to some of their Insurance policies because I thopught I could trust them than the Private insurance companies in any eventuality, but at this rate, I wonder.

That's the trouble.

I am a Policy holder to some of their Insurance policies because I thopught I could trust them than the Private insurance companies in any eventuality, but at this rate, I wonder.
Yaa Nkosuo 12 years ago

It is unbeleivabel. What is government doing about it

It is unbeleivabel. What is government doing about it
We are all corrupt!!! 12 years ago

I always laugh when people say NDC is corrupt, NPP is corrupt and so on, while we fail to appreciate it is the African who is genetically corrupt.

I always laugh when people say NDC is corrupt, NPP is corrupt and so on, while we fail to appreciate it is the African who is genetically corrupt.

ALEX 12 years ago

INFACT I'M VERY SAD FOR THE NATION AND THE POOR GHANAIANS POEPLE, MORE OF SUCH NEWS WILL BE HAPPEN BECAUSE WOYOME IS WALKING FREE ON THE STREET.

INFACT I'M VERY SAD FOR THE NATION AND THE POOR GHANAIANS POEPLE, MORE OF SUCH NEWS WILL BE HAPPEN BECAUSE WOYOME IS WALKING FREE ON THE STREET.
Nana,Legon 12 years ago

thank you bruv.well said.cos we dont punish wrong..instead we jail petty crimes like stealing a foul for a pot of soup!!! interesting gh

thank you bruv.well said.cos we dont punish wrong..instead we jail petty crimes like stealing a foul for a pot of soup!!! interesting gh
Ern 12 years ago

This is widespread in Ghana. What are the auditing firms doing? We have all the big 4, including PwC, KPMG, Deloitte and Ernst&Young. In addition there are so many mid-tier and smaller auditing firms. What do these auditors d ...
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This is widespread in Ghana. What are the auditing firms doing? We have all the big 4, including PwC, KPMG, Deloitte and Ernst&Young. In addition there are so many mid-tier and smaller auditing firms. What do these auditors do?
Peter Vanwor 12 years ago

Dear President Mahama, this is for you to get this country out of this state of affairs. Proof your worth.

Dear President Mahama, this is for you to get this country out of this state of affairs. Proof your worth.
Nana,Legon 12 years ago

a country which thrives on corruption will always run its states institution down.bravo!!!!!!!!!!!! we have done it again.better ghana people,better ghana company ......long live corruption.

a country which thrives on corruption will always run its states institution down.bravo!!!!!!!!!!!! we have done it again.better ghana people,better ghana company ......long live corruption.

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SIC faces collapse over massive fraud

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