Prince Kofi Amoabeng, a business tycoon, has talked candidly about his protracted legal battle after UT Bank failed.
He stated on JoyNews that the experience has tried his fortitude and endurance.
“Now, when it comes to my own case, I was at the bank and I resigned in 2015, and the bank collapsed in 2017, almost two years after I resigned. And then there were some baseless charges against me,” he said.
Amoabeng, who is regarded as one of Ghana’s most esteemed CEOs, disclosed that he has been embroiled in legal processes for about eight years.
“I have been in court for almost eight years. Now, if I were not the type of person who would say, ‘Listen, it’s okay, I still have a purpose, I’m going to do things,’ I think it would have been the end of me,” he said.
He also highlighted the financial and emotional strain of his ongoing legal battle. “I’ve been paying legal fees for seven, eight years, and going to court every so often. It’s not a pleasant experience,” he added.
He says that larger issues in the legal system are reflected in Amoabeng’s experience.
“You find that, when it comes to even land issues, the cases can go on for 40 years. The litigants die.”
“The next of kin even die. That is not justice. That’s why I’m saying, if we do anything to ensure that people are respected and receive the justice they deserve, we must look at the judicial system and set limits,” he underlined.
He cautioned that successful company leaders may be undermined by the current strategy.
Amoabeng came to the conclusion that “This is what has happened to somebody who’s been acknowledged as Ghana’s most respected CEO. We tend to destroy our own, and then when the case goes to court, nothing much happens,”
Source: newsthemegh.com