Manasseh Azure apologises to Ibrahim Mahama over Merchant Bank Debt claims
Investigative journalist Manasseh Azure has apologized to businessman Ibrahim Mahama over claims that his debt with Merchant Bank led to the sale of the bank, which is now UMB. It will be remembered that MyNewsGh.com reported that businessman Ibrahim Mahama, through his lawyers, asked Manasseh Azure to retract and apologise for a claim he made […] The post Manasseh Azure apologises to Ibrahim Mahama over Merchant Bank Debt claims appeared first on MyNewsGh.
Investigative journalist Manasseh Azure has apologized to businessman Ibrahim Mahama over claims that his debt with Merchant Bank led to the sale of the bank, which is now UMB.
It will be remembered that MyNewsGh.com reported that businessman Ibrahim Mahama, through his lawyers, asked Manasseh Azure to retract and apologise for a claim he made in his recent book.
The lawyers indicated that engineers and planners owed Merchant Bank, not Ibrahim Mahama.
They further indicated that the debt in question had been paid and that it wasn’t right for Manasseh Azure to have referenced it in his book.
Manasseh Azure has in a post shared via social media apologised to the businessman for the error.
He indicates that it was an oversight, and he is looking to correct it in the online version of the book and subsequent reprints.
RETRACTION AND APOLOGY
Businessman Mr. Ibrahim Mahama has, through his lawyers, brought to my attention a fact that needs correction, and I hereby do so unreservedly.
i. In my latest book, “The President Ghana Never Got”, I discussed the banking crisis under the Akufo-Addo administration and how some banks were saved from possible collapse.
ii. In providing a background to the Universal Merchant Bank (UMB) and the circumstances under which its new owners acquired it in 2013, I mentioned the controversy that arose when it emerged that one of the big debtors of the erstwhile Merchant Bank was Mr. Mahama.
iii. The fact is that the $28 million debt I referenced was owed by his company, Engineers and Planners Company Limited, the legal entity, and not Mr. Mahama personally.
iv. Consequently, I retract the said reference to Ibrahim Mahama as the debtor and apologise for any adverse effect that may have been occasioned by said publication.
v. It was a genuine oversight, which I am taking immediate steps to correct in the online version of the book and in subsequent reprints.
Manasseh Azure Awuni
August 26, 2024
The post Manasseh Azure apologises to Ibrahim Mahama over Merchant Bank Debt claims appeared first on MyNewsGh.
