Dr. Mensa Otabil, founder of International Central Gospel Church
Dr. Mensa Otabil, founder of International Central Gospel Church

More revelations keep coming out each day concerning how top executives of some five banks contributed to the collapse of those banks.

One person who has particularly come under the microscope is Head Pastor and founder of International Central Gospel Church (ICGC), Dr. Mensa Otabil, who was Board Chairman of liquidated bank, Capital Bank.


According to the Bank of Ghana, some GHC610M given to Capital bank to recapitalize after going into financial difficulties was squandered and mismanaged by top executives of the bank, headed by Dr. Otabil in the capacity as Board chairman.

However in a latest revelation by one Facebook user known as Ambrose B. Amos, the founder ICGC willfully dished out a whopping GHC130m of the GHC610m recapitalization funds to Dr. Tettey Nartey who happens to be his protégé and Brother-In-Law, therefore the assertion that Dr. Otabil was misled by the CEO of the bank Ato Essien is laughable and cannot be true.

Here is the full statement by the Facebook user, Ambrose B Amos below:


Dr Otabil’s In Law Got GHC130m of the BoG Cash

The more you investigate how our GHC610m was dissipated by Dr Otabil and cronies, the more convinced you are that Ghanaians are not outraged enough. Yesterday, I revealed how Dr Otabil and his Board of Directors of the now defunct Capital Bank ‘shared’ the GHC610m BoG which was for liquidity support to sustain the Bank.

It has turned out that almost all those who were beneficiaries of Dr Otabil’s “free” bonanza are his allies. In fact, they are senior members of his International Central Gospel Church. They are persons who seat at the front roll of his church by virtue of their ‘fat’ pockets and standing in the business world.


We are told, by the BoG report, that Dr Tettey Nartey and Rahman Abukari, owners of MC Management Services, got GHC130m out of the GHC610m BoG cash. They later used it to set up the now collapsed Sovereign Bank. It is important we know who Dr Nartey is and his relationship with Dr Otabil.

Dr Nartey was once an employee of Central University and later became a student of the same university, thence alumnus of Central University. Dr Otabil is founder(chancellor) of that University. Dr Nartey is also the founder of Meridian Pre-University and Marshalls University.

Aside been a long standing protégé of the ICGC overlord, Dr Nartey is also the BROTHER IN LAW of Dr Otabil. So you see, the October 13, 2015 emergency Board meeting was purposely to wrongfully dish out money to cronies to build business moguls in ICGC.

From the foregoing, it will be wrong to suggest that Dr Otabil was misled by Ato Essien into diverting the BoG money to cronies. He knew what he was doing and must be punished in accordance with the law if found guilty. If you doubt this, wait until I reveal his relationship with other beneficiaries of the booty.

To those standing with Dr Otabil, we don’t have any problem with your decision. All we need is our money with interest.

#praaaaaaaaaise the Lord!!!


You May Also Like

Ghanaian celebrities who abandoned fame to preach the gospel

The Ghana entertainment industry has been blessed with some wonderful talents over…

Meet all the past winners of TV3 Ghana’s Most Beautiful

Ghana’s Most beautiful (GMB) has turned out to be one of the…

VIDEO: Ghanaian Lady Who Got Married A Few Months Ago Dies While In Labour

Pretty Ghanaian lady who got married a few months ago has been…

AFRIMA 2018: Check Out What Happened On The Red Carpet Session

It was a night where the majority of African celebrities as well…