State agrees for Ato Essien to refund GH¢90m instead of being jailed

The High court was unable to deliver judgment on the case against founder of now-defunct Capital Bank, Ato Essien and two others as a result of an agreement between the Republic and the first accused person to refund some of the money allegedly stolen.

According to the agreement which was submitted on Wednesday a day before the judgment, Ato Essien who has agreed to change his plea to guilty will refund GH¢90 million to the state in replacement of a custodial sentence if found guilty.

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