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Former Capital Bank CEO Ato Essien jailed 15 years

Former Capital Bank CEO Ato Essien jailed 15 years
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Former Chief Executive Officer of defunct Capital bank, Ato Essien has been sentenced to 15 years imprisonment with hard labour.

This follows his failure to pay in full an amount of GH¢90 million cedis he agreed to pay the state despite several lifelines given him.

The court in May 2023 gave him a two-month window to at least pay in full the first GH¢20 million out of the GH¢60 million he was due to pay.

However, the convict has not been able to meet this directive.

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