"I will tell you everything” - Prince Kofi Amoabeng
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Show notes
What really happened to UT Bank?
In this deeply revealing episode of The Peswa Podcast, Captain (Rtd.) Prince Kofi Amoabeng, founder and former CEO of UT, opens up about one of the most consequential chapters of his life — the rise, transformation and eventual collapse of UT Bank.
Captain Amoabeng takes us back to the beginning — from his early struggles with conventional banking and the creation of Unique Trust Financial Services, to the journey of trying to become a bank, the challenges of obtaining a banking licence, and eventually acquiring an existing bank and transforming it into UT Bank.
He speaks candidly about the decisions that shaped UT, the mistakes that were made, the people he trusted, and the internal problems that emerged as the company transitioned from a small entrepreneurial operation into a major financial institution.
Amoabeng revisits the events surrounding the 2017 revocation of UT Bank's licence, his understanding of what went wrong, the non-performing loans and financial difficulties facing the institution, and why he believes UT could have been saved.
He also opens up about his relationship with former Finance Minister Ken Ofori-Atta, and why he later felt betrayed when UT Bank came under pressure.
He reflects on what he believes he got wrong, the people who disappointed him, the political environment surrounding UT's collapse, and the lessons he believes African entrepreneurs need to understand before attempting to build institutions that outlive them.
This is a conversation about UT Bank — but it is also a conversation about power, influence, trust and the cost of building in Africa.
Watch until the end.
This is Captain Kofi Amoabeng like you've never heard him before.
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