30.3 C
Accra
Tuesday, May 28, 2024
NewsBright Simons files for RTI for clarity in KMA -Fidelity Bank's GHS...

Date:

Bright Simons files for RTI for clarity in KMA -Fidelity Bank’s GHS 3m saga

spot_img

Vice President of IMANI Africa, Bright Simons, has filed a Right to Information (RTI) request with the Kumasi Metropolitan Assembly (KMA) to obtain detailed information about the use of GH¢3.6 million and its dealings with Fidelity Bank Ghana.

He aims to bring transparency to what he perceives as a lack of clarity in the interactions between the bank and KMA.

- Advertisement -

In a tweet, Simons mentioned his request to KMA for complete disclosure of all transactions with the bank. He believes that the current stance of the institution indicates potential financial impropriety, highlighting the necessity for full transparency.

“Having followed the confusing back & forth between Fidelity Bank Ghana & the KMA, we have sent an RTI request to the KMA to disclose all its transactions with the bank.

- Advertisement -

There is a murkiness about what is going on that raises concerns about financial propriety. Full transparency is needed,” he tweeted on May 14, 2024.

https://twitter.com/BBSimons/status/1790332272282861717/photo/1

The issue stems from a GH¢8 million loan obtained from Fidelity Bank for the redevelopment of the KMA-Krofrom Market Project. Reports indicate that only GH¢5 million was utilized for project execution, leaving GH¢3.6 million unaccounted for.

- Advertisement -

However, Fidelity Bank has refuted any wrongdoing, clarifying that the entire GH¢8.6 million disbursed for Phase 1 of the project comprised GH¢4 million from Fidelity Bank’s approved facility and KMA’s own funds of GH¢4.6 million.

Bright Simons’ RTI request aims to gain comprehensive insight into the arrangements between Fidelity Bank and KMA, aiding in factual analysis and pursuit of public interest objectives.

His legal representatives stress the imperative of complete disclosure, citing statutory and public policy considerations.

This situation underscores concerns regarding financial integrity, prompting the RTI request to illuminate the transactions and ensure transparency and accountability in public fund utilization.

It is anticipated that both KMA and Fidelity Bank will fully cooperate to address the matter and provide requisite information to the public.

Latest stories

Regina Daniels and her 63-year-old husband mark their 5th wedding anniversary

Nollywood star Regina Daniels and her husband, Senator Ned...

Putin wants truce in Ukraine on the front lines right now

Russian President Vladimir Putin is willing to stop the...

Debt resolution in Africa challenging – AfDB President

The African Development Bank expresses concerns regarding the sluggish...

Nduom breaks down after seeing what remains of collapsed GN Bank offices

Chairman of Groupe Ndoum and former owner of the...

A dollar goes for GHS15.00 at forex, GHS19.70 for £1 at major forex bureaus

Today's Interbank forex rates from the Bank of Ghana,...

What happened to the parcel of land for NDC school in Oyibi ? – Anyidoho quizzes Asiedu Nketia

Ghanaian politician Koku Anyidoho has stirred up fresh controversy...

EC to hold special voting for 2024 elections on Dec. 2

The Electoral Commission (EC) has announced that special voting...

Related stories

Nduom breaks down after seeing what remains of collapsed GN Bank offices

Chairman of Groupe Ndoum and former owner of the...

What happened to the parcel of land for NDC school in Oyibi ? – Anyidoho quizzes Asiedu Nketia

Ghanaian politician Koku Anyidoho has stirred up fresh controversy...

EC to hold special voting for 2024 elections on Dec. 2

The Electoral Commission (EC) has announced that special voting...

KATH Labour Unions kick against dismissal of CEO

Labour unions at the Komfo Anokye Teaching Hospital (KATH)...

Effutu: NDC concerned of potential manipulation after EC’s abrupt transfer

Effutu constituency branch of the National Democratic Congress (NDC)...

Lands Minister inspects progress work on Minerals C’ssion’s ultra-modern office in Ashanti regional

The nearly finished ultra-modern, multi-purpose office complex being erected...

LEAVE A REPLY

Please enter your comment!
Please enter your name here