Daasebre Akuamoah Agyapong II, the Board Chairman of the Agricultural Development Bank (ADB), has stepped down amid allegations of extortion. This shocking development comes after a petition was filed by Collins Darkwa, a businessman and customer of the bank, to the Office of the President.
According to the petition, Darkwa accused Daasebre Agyapong of demanding an initial payment of GH¢50,000 and additional amounts totaling GH¢2,408,000 to facilitate a GH¢12 million loan. The businessman claimed that he felt pressured to comply with the Chairman’s conditions due to the urgency of meeting his suppliers’ demands for logistics related to a cashew supply contract.
The allegations further detail that despite fulfilling the initial demands, Daasebre Agyapong continued to pressure Darkwa for further payments. In a disturbing twist, the Chairman allegedly threatened to use his influence to obstruct Darkwa’s business if he didn’t comply.
The petition led to an emergency board meeting, after which Daasebre Agyapong resigned with immediate effect. His resignation is seen as an effort to protect the bank’s reputation.
As the Kwahumanhene, Daasebre Agyapong’s resignation holds significant weight. The move is perceived as a crucial step in addressing the allegations, though the matter remains under review.
It’s essential to note that these allegations are severe and have potentially far-reaching consequences.
The Agricultural Development Bank’s reputation is at stake, and the resignation of its Board Chairman underscores the severity of the situation.
As investigations continue, the outcome will likely have significant implications for Daasebre Agyapong’s future and the bank’s operations.
In the meantime, stakeholders are watching closely to see how the situation unfolds and how the bank will move forward.
The incident serves as a reminder of the importance of transparency and accountability in leadership positions.
