Prince Kofi Amoabeng

Prince Kofi Amoabeng (born February 22, 1952) is a Ghanaian businessman and a former military officer of the Ghanaian Armed Forces. He caused a paradigm shift in the lending industry in Ghana by founding Unique Trust Financial Services with three employees and grew it into a robust holding company, UT Holdings, with several subsidiaries both locally as well as in Africa and Europe. UT Bank, which he co-founded, collapsed in 2017 during Ghana's banking crisis amid allegations that he had misappropriated funds from the bank. He is currently subject to ongoing court battles regarding these allegations following his arrest on 14 January 2020, and release on bail of 110 million cedis.