Bank threatens legal action after demolition of building for 24-hour market at Aboabo
Management of Sekyedumase Rural Bank has threatened to take legal action against the Asokore Mampong Municipal Assembly following the demolition of its Aboabo branch to make way for the government’s 24-hour market project. The bank’s Chief Executive Officer, Afriyie Michael Kwabena, said the institution had been engaging the Assembly over plans to relocate the branch […]
Sekyedumase Rural Bank has threatened legal action against the Asokore Mampong Municipal Assembly following the demolition of its Aboabo branch to construct a 24-hour market. CEO Afriyie Michael Kwabena stated that the bank had been in discussions with the Assembly regarding the relocation of the branch before the demolition occurred.
The Assembly initially proposed an alternative location for the bank, but these negotiations ultimately failed. The bank agreed to relocate to the Asawase Market, but this option required regulatory approval, which the Assembly failed to provide. As a result, the Assembly demolished the building without issuing an official notice to the bank.
This led to the destruction of several bank properties, including important documents. However, the bank assures that its customer records and data were safe due to their backup system. Bank officials are contemplating legal action to seek compensation from the Assembly for the damage and losses incurred. The Asokore Mampong Municipal Assembly's Presiding Member, Mohammed Al-Jara, expressed that the demolition took place without the opportunity for the General Assembly to deliberate on the matter.
Written by urgent.news from Adom Online's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
