NDC MP for Ketu South, Fifi Kwetey, has said the decision of his fellow National Democratic Congress (NDC) MP, Isaac Adongo, to boycott of the parliamentary probe into the banking sector crisis is not supported by the Minority Caucus.
Mr. Adongo, a member of Parliament’s Finance Committee, stormed out of the first hearing on Wednesday describing it as a “rubber stamp process.” He told the press the committee had not been furnished with requisite documents to ensure an effective probe.
The MP suspects there is an attempt at a cover-up following the widespread rot that led to the collapse of seven banks.
But Mr. Kwetey, the Ranking Member on the Finance committee told the media Mr. Adongo’s position “is his individual position. He does not represent the Minority.”
“The views he expressed earlier regarding returning assets to owners of the bank is his individual position as well. He represents none of us on the Finance committee and I can say by extension that he doesn’t represent the Minority as well.”
Meanwhile, the probe will continue today with the expected appearance of the receivers, PWC and KPMG as well officials of the new Consolidated Bank Ghana.
Adongo’s contentions
Officials of the Bank of Ghana, including the Governor, Dr. Ernest Addison, appeared before the committee on Wednesday morning.
Mr. Adongo expected that he would have in his possession documents pertaining to the asset quality reviews at uniBank or the terms of reference for the work KPMG did in relation to the bank, among others.
“These are the documents they gave to us; statement of the banking sector, press release by the Bank of Ghana, Governor’s speech. When it comes to KPMG, they only give you conditions and opinions of uniBank.”
The MP insisted that “those documents will give me a clearer understanding of what happened and not what the government tells me. I must read the documents and ask the Governor the appropriate questions.”
The Finance Committee of Parliament is holding these hearings from September 5 to September 7.
Representatives from Consolidated Bank, KPMG, PwC and the Ministry of Finance are expected to appear before the hearing.
But owners and directors of the seven banks that have collapsed, some under controversial circumstances, will not be invited.
Source: citinewsroom.com
Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority. |
"I must read the documents and ask the Governor the appropriate questions.” I didn't know you ministers know how to read and ask sensible questions, but you are not able to read and digest foreign or international agreement
After making noise all over the place, I was expecting Hon. Adongo to stay and with all the information he thinks he has will be able to ask questions but he realized that he is not fit to answer questions looking at the caliber of people who were appearing before the committee so all he had to do was to 'run away' SO ADONGO BYE BYE
Adongo is an empty barrel making the most noise.... Do you need those documents to ask questions? You can use your parliament powers to demand the documents. But to boycott the sitting is fu.llishness....... Your colleague NDC MPs have abandon Adongo.....