The Economic and Organized Crime Office (EOCO) have invited Former Directors of defunct UT Bank and Capital Bank to answer questions on their roles in the bank’s collapse.

The invitation by EOCO today Wednesday, March 28 follows findings of an investigative report on the collapse of the bank which was submitted to the Bank of Ghana.

Former Directors of Capital Bank which also collapsed alongside UT Bank will also appear before the EOCO next Wednesday.

The Bank of Ghana in August 2017, revoked the licences of UT and Capital Banks. The two banks were subsequently handed over to GCB Bank.

The liabilities of the two banks, according to the central bank, overwhelmed their assets, leaving the BoG with no option but to undertake a purchase and assumption transaction as the least costly method of dealing with a collapse.