The shareholders of uniBank have filed a suit to prevent the management of CBG from selling off the assets of the bank.

According to the shareholders, any attempt to sell the bank’s asset will have an impact on  them since the revocation of the license of the bank is now into arbitration.

A writ filed by the shareholders said allowing the assets to be sold will cause an “irreparable harm and hardship which cannot be compensated by money”.

The writ also raised concerns over the conduct of the receiver of the bank Nii Amanor Dodoo who the shareholders say is “actively holding himself out as Receiver of uniBank and is conducting himself in a pernicious, deleterious and baleful manner designed at totally impairing uniBank.”

An Accra High Court has referred part of the case between the shareholders and the Receiver of uniBank for arbitration.

The appointment of an arbitrator by the judge, Justice Jennifer Abena Dadzie, follows an application by the Receiver of the bank, Nii Amanor Dodoo, to dismiss the counterclaim of some of the shareholders of the bank to those he filed.

However the court said unibank case is not frivolous.

The Receiver, in his application, prayed the court to strike out the amended statement of defence and counterclaim of three of the shareholders.

He said the pleadings by the defendants are an abuse of the court’s processes and attempt to delay the fair resolution of the dispute, which is “very simple as it involves recovery of sums of money which have been allegedly taken out of the accounts of uniBank, which is now in receivership.”

The Receiver of defunct uniBank sued the founder of the bank, Dr Kwabena Duffuor and 16 others to pay GH¢5,712,623,145 which was allegedly misappropriated.