Daasebre Akuamoah Agyapong II, the Board Chairman of the Agricultural Development Bank (ADB), has resigned with immediate effect following allegations of extortion against him by one of the customers of the bank.
His resignation according to sources follows an emergency board meeting on Thursday, October 10, 2024, at which the Board Chairman decided to do the honourable thing by resigning in the best interest of the Bank.
It will be recalled that a customer of the Bank, Collins Darkwa, petitioned the Office of the President, alleging that the Board Chairman, who doubles as the Kwahumanhene, extorted a significant amount of money from him in exchange for a GH₵12 million loan.
The businessman detailed in his petition how the Board Chairman demanded GH₵50,000 upfront and further loans from him for the approval of GH₵12 million and appealed to the Presidency to help him recover a total amount of GH₵2,408,000 from the Board Chairman.
“Under pressure from my suppliers to procure logistics for the cashew to be supplied, I had no other choice than to agree to the conditions,” Mr. Darkwa said.
Despite fulfilling these demands, Mr. Darkwa claims that Daasebre continued to pressure him for additional funds, threatening to use his position to frustrate the business if he did not comply.
