NewsTOP STORY

Bagbin tames Kyei-Mensah-Bonsu

Speaker of Parliament, Right Hon. Alban Bagbin has tamed Majority leader Osei Kyei-Mensah-Bonsu after a near showdown between the two in Parliament today.

The Majority leader whom the Speaker describes as his friend had vehemently challenged a petition that had been referred to a committee to handle.

The petition which was laid by Bawku Central MP, Mahama Ayariga, was from a former Finance Minister Dr. Kwabena Dufuor over the collapse of uniBank.

But before the matter was referred to the yet-to-be established committee, the Suame MP began challenging the petition in a way that Bagbin thought was unparliamentary.

The Speaker swiftly overruled Kyei-Mensah-Bonsu’s challenge noting the report of the committee’s work will be handled in a manner such that it will not affect the court procedure.

“You don’t lead Parliament. You lead the business of the House. You lead the Majority and you lead government business. As to the role of Speaker you’ve not been there yet. When you get there, you’ll do so,” Bagbin fumed.

He said the Majority leader was his friend even before he was made the Speaker of the House but warned that “please don’t give credence to that.”

Petition

The former Finance Minister has petitioned the House citing injustice and breach of procedure by the Central Bank in the revocation of the license of the bank which was a fully owned Ghanaian business.

Among other things, Dr Duffuor is asking the committee to restore the license of the bank.

“Investigates the conduct of the Bank of Ghana in the takeover, the appointment of an Official Administrator of uniBank Ghana Limited, and the circumstances of the revocation of the banking license of uniBank Ghana Limited.”

“Directs the restoration of the banking license of uniBank Ghana Limited by the Bank of Ghana and the remedying of the harms done to the shareholders’ property rights as a result of the conduct of the Bank of Ghana,” parts of the order paper announcing the petition noted.

The committee will also investigate similar claims in the collapse of the defunct UT bank after its majority shareholder Prince Kofi Amoabeng petitioned the House.

“Investigates the conduct of the Bank of Ghana and the Ghana Stock Exchange for the revocation of UT Bank’s license and delisting the bank without due regard to the rules of Administrative Justice guaranteed under article 23 of the 1992 Constitution.

“Directs the restoration of the banking license of UT Bank Limited by the Bank of Ghana and the remedying of the harms done to the shareholders’ property rights as a result of the conduct of the Bank of Ghana,” Mr Amoabeng said in his petition.

 

Source: Ghana|Myxyzonline.com

 

 

 

Show More
Back to top button
Translate »