Former Board Chairman of Capital Bank, Pastor Mensa Otabil and his immediate family have been exposed by documents intercepted from Virginia showing the family’s ownership of plush mansions.
One such mansion, located at 15315 Mountain Crest Cr Haymarket, VA 20169 was valued by Prince William County Property Assessment to cost $850,000.
The said property was in the name of Pastor Mensah Otabil, Joy Otabil and rented out to a 60-year-old Barbara A. Zimmer.
Pastor Mensa Otabil’s name has been making the rounds on social media lately, in renewed public concern following Manasseh Azure’s highly criticized article which sought to defend the ‘Man of God’.
It has been revealed that managers of the defunct Capital bank, led by Manasseh Azure Awuni’s mentor, Otabil, diverted some GH¢610million the central bank had given them to stop the downward slide of the then-struggling concern.
Handlers of the bank are alleged to have diverted the money into buying properties and re-routing part back to the central bank to create another bank – the Sovereign Bank.
Since the collapse of Capital and Sovereign Bank, several state institutions -including the Economic and Organised Crime Office (EOCO) – have been working to arrive at a comprehensive understanding of what happened and who was responsible for what; for which reason Dr Otabil has been invited to respond to queries
Dr Otabil had sought to clear his name in the bank’s collapse, saying in a press release that he played a ‘non-executive’ role and so was not involved in its day-to-day running.
The leader of the International Central Gospel Church (ICGC) noted that he accepted to be Board Chairman in a bid to help strengthen a promising Ghanaian enterprise that had potential but also challenges.
In the course of time some decisions made turned out well, while some did not turn out as well as had been anticipated, he said. “As far as I can tell, everything was done with the best of intentions and the interests of various stakeholders in mind.”
Founding President of IMANI Africa, Franklin Cudjoe has said Pastor Mensa Otabil, who was the Board Chairman of the mismanaged Capital Bank might have been misled by the Chief Executive Officer of the Bank.
The Bank of Ghana financial autopsy reported how money worth 610 million cedis could not be accounted for, with many social media users mocking the top charismatic pastor of collusion and corruption as he himself had been known to trumpet on public servants.
Check out photos of Mensa Otabil’s real estate in the U.S below: