Business News of Tuesday, 19 March 2019Source: www.ghanaweb.comMove to secure depositors funds at DataBank – Adongo to SECIsaac AdongoMember of Parliament (MP) for Bolgatanga Central, Isaac Adongo, has called on the Securities and Exchange Commission (SEC) as a matter of urgency to act professionally to secure depositors funds at Databank and seize the opportunity to do a thorough regulatory compliance review and assurance of the financial institution. Read below Mr Adongo's full statementHON ISAAC ADONGO TO SECURITIES AND EXCHANGE COMMISSIONMOVE IN TO SECURE CUSTOMERS’ DEPOSITS AT DATABANK IMMEDIATELYIn recent weeks, Databank and its Chief Executive Officer of Databank have been making frantic efforts to convince customers that their deposits are safe with the bank. Today, the Director General of SEC, Rev Ogbamey Tetteh who was a Vice President at Databank, is conflicted in the dire situation at Databank. Clearly, Databank remains a huge regulatory risk for as long as its former staff are dominant in the regulatory space. Of course, only a change in leadership at SEC will bring confidence to the regulatory status and compliance at Databank and the Enterprise Group.

Source: GhanaWeb March 19, 2019 05:26 UTC