Beige Bank CEO arrested

The CEO for Beige Bank, Mike Nyinaku has reportedly been arrested according to a report by the Daily Guide.

The Special Investigating Team (SIT) which consists to professionals from various fields and is investigating the collapsed financial institutions in the country according to the report was arrested in Takoradi for selling properties that belong to the defunct Beige Bank. He is said to hold 99 per cent of the company’s assets.
Nyinaku is now in Accra assisting the authorities in their investigations.

Beige Bank which started as Beige Capital is among the five financial institutions that have been merged into Consolidated Bank Ghana Limited.

by: Nana Asabere