The Minority has asked the government to pay the debt owed to the bank and further proscribed measures that will make it viable.
“Government should just restructure the balance sheet of NIB to swap all the NIB debt that it owes to government and give government equity. Government says it doesn’t have money to capitalize the bank, but it has given 500 million debt to NIB, it has given 800 million debt… The two will give you 1.3 billion. It is your money. You owe the bank. The money is already sitting there. Commit to saying that this is my contributing towards capitalisation so that we issue shares to you and move the money to equity.
Isaac Adongo said the move by the imminent collapse and subsequent acquisition by ADB will lead to the loss of about 800 jobs.
The MP further indicated that contractors NIB engaged to work on government projects are yet to be paid by the Finance Ministry.
“As a result of that, NIB has incurred 1 billion on its load books, resulting from Ken Ofori-Atta’s refusal to pay, now you say NIB is week.”
Source: myjoyonline.com
