Manasseh Azure responds to Ibrahim Mahama’s legal threat
Published:
3 months ago
Source:
GhanaWeb
Investigative journalist, Manasseh Azure Awuni, has denied recent media reports alleging that Ibrahim Mahama, the Chief Executive Officer of Engineers and Planners, has given him a seven-day ultimatum to remove specific pages from his latest book. The book, The President Ghana Never Got, has stirred controversies over its depiction of the 2013 sale of Merchant Bank, now known as Universal Merchant Bank (UMB), and the alleged involvement of Ibrahim Mahama. In the book, Azure explained that the sale of Merchant Bank to the private equity firm Fortiz was shrouded in controversy. He noted that FirstRand Bank of South Africa had offered GH₵176 million for 75% of the bank's shares, while Fortiz acquired 90% for only GH₵90 million. Azure further wrote that the bank's financial struggles were partly due to significant debts owed by Engineers and Planners, a company owned by Ibrahim Mahama, who is also the brother of former President John Dramani Mahama.