Bank of Ghana Orders Stanbic to Close NaSTAG Accounts over Fraud Claims

Bank of Ghana directs Stanbic Bank to close illegal accounts

By Michael Kofi Kenetey  The Bank of Ghana has directed Stanbic Bank to close all accounts linked to the National Seed Trade Association of Ghana, NaSTAG following an allegation of identity theft, procedural lapses and unauthorized account opening at the Achimota Branch of the Bank. The directive is in relation to three accounts comprising two-cedi accounts and a dollar account and a regulatory review of a complaint brought before the Bank of Gh…

Bank of Ghana orders Stanbic to close NaSTAG accounts over fraud claims - Ghana Business News

The Bank of Ghana has directed Stanbic Bank to close all accounts linked to the National Seed Trade Association of Ghana (NaSTAG) following allegations of identity theft, procedural lapses and unauthorised account opening. The directive affects three accounts and follows a regulatory review of a complaint brought before it about fraudulent activity at the Stanbic Bank Achimota Branch. Dr. Amos Rutherford Azinu, immediate past president of NaSTAG…

Bank of Ghana orders Stanbic to close NaSTAG accounts over fraud claims

The Bank of Ghana has directed Stanbic Bank to close all accounts linked to the National Seed Trade Association of Ghana (NaSTAG) following allegations of identity theft, procedural lapses and unauthorised account opening. The directive affects three accounts and follows a regulatory review of a complaint brought before it about fraudulent activity at the Stanbic Bank Achimota Branch. Dr. Amos Rutherford Azinu, immediate past president of NaSTAG…