What exactly went wrong that made DR NDUOM lost $2million in one day…Ivan Banns scribbles a piece of peace

Dr Nduom was, and has been, one Ghanaian achiever you may not have met but you respected, admired, and drew some inspiration from – from afar. I personally didn’t like his politics much, especially the way he led and then diminished the independence-producing CPP of our venerable icon, Osagyefo Dr. Kwame Nkrumah, plus his dalliance with some political characters who had little in common with the great pan-Africanist ideals of the African of the Millennium.

I confess, I don’t know the man and have never met him. My respect for him is largely based on the fact that, this has been a hardworking self-made man, who used to be a car park attendant. He exuded a certain level of confidence and humility. You never read about him getting involved in any dubious or shady, greed-induced, nation-wrecking practices, deals, or corruption, despite his many years in the public arena. He was a business consultant, a Minister in a couple of capacities under former President Kufuor, and (later) presidential aspirant under his Progressive People’s Party, PPP.

On another level, he could have easily sat back as a contented private citizen, after making some good amount of money, but he came out to show enterprise, service, and leadership, with the creation of many jobs, as he established his group of companies, banks and financial services.

As a Ghanaian carrying very strong pan-Africanist and Nkrumahist thoughts and ideals, I rejoiced greatly when Dr Nduom and his Group came forward in 2016 to acquire the last black-owned bank in Chicago, changing the Illinois Service Federal Savings and Loan in Bronzeville, known as ISF Bank, into GN (Groupe Nduom) Bank Chicago. A Ghanaian (or African Bank) buying another bank in the USA!? Wow. I felt elated, inspired, and proud….

So why am I writing all these plenty English, thinking about this over and over I feel hurt and pain for this man seeing his companies and hard work and the jobs and the hopes he represents getting brutally hit by the reported “clean up in the financial sector”

What exactly went wrong …could he not have been sanctioned without heavy loses…DR PAA KWESI NDUOM – Dr Nduom was, and has been, one Ghanaian achiever you may not have met but you respected, admired, and drew some inspiration from – from afar. I personally didn’t like his politics much, especially the way he led and then diminished the independence-producing CPP of our venerable icon, Osagyefo Dr. Kwame Nkrumah, plus his dalliance with some political characters who had little in common with the great pan-Africanist ideals of the African of the Millennium.

I confess, I don’t know the man and have never met him. My respect for him is largely based on the fact that, this has been a hardworking self-made man, who used to be a car park attendant. He exuded a certain level of confidence and humility. You never read about him getting involved in any dubious or shady, greed-induced, nation-wrecking practices, deals, or corruption, despite his many years in the public arena. He was a business consultant, a Minister in a couple of capacities under former President Kufuor, and (later) presidential aspirant under his Progressive People’s Party, PPP.

On another level, he could have easily sat back as a contented private citizen, after making some good amount of money, but he came out to show enterprise, service, and leadership, with the creation of many jobs, as he established his group of companies, banks and financial services.

As a Ghanaian carrying very strong pan-Africanist and Nkrumahist thoughts and ideals, I rejoiced greatly when Dr Nduom and his Group came forward in 2016 to acquire the last black-owned bank in Chicago, changing the Illinois Service Federal Savings and Loan in Bronzeville, known as ISF Bank, into GN (Groupe Nduom) Bank Chicago. A Ghanaian (or African Bank) buying another bank in the USA!? Wow. I felt elated, inspired, and proud.

So why am I writing all these plenty English, thinking about this over and over I feel hurt and pain for this man seeing his companies and hard work and the jobs and the hopes he represents getting brutally hit by the reported “clean up in the financial sector”

What exactly went wrong …could he not have been sanctioned without heavy loses.