OPINIONSBusiness & Economy

10 Must-Know About the Banking Cleanup, ORAL & 24-Hour Economy – By Bright Simons

10 Must-Know About the Banking Cleanup, ORAL & 24-Hour Economy
  1. A Spintex factory owner also owned a collapsed bank.
  2. The factory was used for money laundering, including a $3M fake consultancy.
  3. During the banking cleanup, it was shielded from asset recovery.
  4. Ghana‘s bank asset recovery failed, unlike in the US and UK.
  5. Powerful individuals pressured the Attorney General to halt prosecutions.
  6. ORAL‘s success is in question if bank asset recovery fails.
  7. The factory was leased to a key industrialist for major production.
  8. Recently, offshore-linked individuals seized the factory.
  9. The offshore creditor might be a front to hide assets.
  10. The new government must stay alert to prevent economic sabotage.

Read more at: https://x.com/BBSimons/status/1891565330637418710?t=MU4nYy0QQSwhl3OH_N8jkw&s=19

So what?

It’s like watching an old villain return for a sequel, same tricks, just a different scene.

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