The Member of Parliament for Okaikoi Central, Patrick Boamoah says the petition before Parliament on the collapse of uniBank and UT Bank will achieve no result as the house has no power to intervene in the issue.
Speaking on Eyewitness News, he said Parliament per its standing orders is unable to take action on matters that are pending before courts of competent jurisdiction and so it is surprising that the Member of Parliament for Bawku Central, Mahama Ayariga would lead that charge for the petition to be admitted and push for Parliament to take action on it.
Parliament on Tuesday, March 23, 2021, agreed to proposals for the formation of a seven-member committee to probe the issues in a petition brought before the house by two majority shareholders in banks that were affected by the financial sector clean-up.
The Speaker had made the proposal after the petitions were officially presented on the floor by MP for Bawku Central, Mahama Ayariga on Tuesday, March 23, 2021.
Two citizens, Prince Kofi Amoabeng and Dr. Kwabena Duffuor petitioned Parliament to investigate the conduct of the Bank of Ghana and the Ghana Stock Exchange for revoking the license of UT Bank as well as uniBank and delisting them from the country’s stock exchange.
