The Receiver of defunct uniBank, Nii Amanor Dodoo, has stated that the management of the bank misreported the true financial position in their reports to the Bank of Ghana and in the financial statements produced.
According to him, the financial reports were produced by the management team of uniBank and not by anyone in a sole capacity.
The management members included Dr. Kwabena Duffuor II, Ekow Nyarko, Dadzie Dennis, Elsie Dansoa Kyere, Jeffrey Amon and Benjamin Ofori.
Nii Amanor Dodoo added that though a former Executive Head of the Credit Risk Department of uniBank, Benjamin Ofori in his sole capacity did not submit any such report directly to BoG, he did this as part of the management team of uniBank.
He explained further that misreporting did not only involve communicating a false state of affairs but also involved being part of the process of falsifying reality.
According to the Receiver, the matters that were misreported to the BoG were the fictitious loans, the fictitious income generated as a result of those fictitious loans and the amounts siphoned out of Unibank by the shareholders.
The Receiver affirmed that Mr. Ofori played a critical role in all these.
He added that Mr. Ofori, in generating the fictitious loans and the fictitious income, knew it would form part of the financial reports to be submitted to BoG and other stakeholders.
He added that the other accused persons played vital roles in misreporting the amounts siphoned by the shareholders of uniBank.
The Receiver informed the Court that Mr. Ofori played a key role in opening fictitious accounts and assisted with memos that resulted in the creation of fictitious loans.
The Receiver had earlier testified that fictitious loans over 1 billion were created in the names of identified customers of the bank. The funds credited were subsequently debited by Elsie Dansoa Kyere, the then Head of Corporate Banking, and Benjamin Ofori.
He had also testified that these fictitious loans were created based on memos generated.