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UT/Capital banks collapse: Are the directors liable?

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Comment: Re: UT/Capital banks collapse: Are the directors l

Author:
Yaa Nkosuo
Date:
2017-08-20 00:36:37
Comment to:
UT/Capital banks collapse: Are the directors liabl

Will someone please tell The author of this article to hold his horses.
He has demonstrated a bit of his knowledge about "Director's duties" but he rightly admits that BoG has not come out with any report findings on the cause of the near-collapse of the said banks yet, so liability of the Directors cannot be established.
Currently there is talk about indebtedness by certain Government Authorities/bodies to the UT bank. So perhaps the Directors MAY also be liable.

Let's wait till the full report is published then investors can draw their daggers out!!

BoGs supervisory role was clearly not stringent enough.
So the facts and circumstances may not be as straightforward as it seems

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