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Monday, October 23, 2017

There was a brewing tension and pandemonium at the studios of Cruz Fm today when the Member of Parliament (MP) for Offinso North stormed there and beat up a panelist,Kwasi Agyenim Boateng before even the Morning Show starts.
Hon.Collins Ntim slapped Mr.Agyenim Baoteng for issuing a press statement in the name of a pressure group, Coalition for Joint Action (CJA) as the convenor for the group which suggests a diversion of his (MP's) Common Fund to a private Micro-finance Company called Summit Vision Microfinace in Accra Company called Summit Vision Microfinace in Accra.
After slapping the radio panelist , he told his followers numbering three(3) holding sticks to beat up the man.
However it took the intervention of listeners around the station who were listening and the police to make peace.Meanwhile, Mr. Boateng,popularly known as 'Stanic' has since reported the matter to the police.
 
Below is the statement that initiated the slap from the Offinso North MP,Hon. Augustine Collins Ntim.
 
 
 
 
 
 
COALITION FOR JOINT ACTION (CJA) - OFFINSO NORTH
Tel: +233 (0) 244 613 036
Website: www.facebook.com/offinsonorth.cja.gh 
PRESS STATEMENT
25 JULY, 2016
OFFINSO NORTH MP DIVERTING HIS SHARE OF MP'S COMMON FUND INTO HIS PRIVATE MICROFINANCE COMPANY
The investigations of The Coalition for Joint Action (CJA) - Offinso North has  unearthed a shocking revelation about the quarterly diversion of some huge amount of funds from the Offinso North MP's share of the Common Fund into his Private Microfinance Company.
 
- DETAILS OF THE MICRO FINANCE COMPANY
Name of the microfinance company: SUMMIT VISION MICRO FINANCE
Year Established: 2011
Location/Address: K.A MALL, BEHIND KANESHIE MARKET, Accra , Ghana
See: www.ghanayello.com/company/43259/SUMMIT_VISION_MICRO_FINANCE
 
- MANAGERS
Collins (Collins Ntim) Adu-Ntim
Managing Manager at Summit Vision Financial Services, LLC
 
Previous Experience
Intercontinental Bank Ghana Limited
2009 – 2010 (1 year)
Barclays Bank Ghana limited
2006 – 2009 (3 years)
Education
Master of Business Administration (M.B.A.), FINANCE OPTION 2006 – 2009
KNUST SCHOOL OF MINES
Bachelor of Science (B.Sc.), Mining and Mineral Engineering
1994 – 199
See: https://gh.linkedin.com/in/collins-adu-ntim-20225a3b
- DETAILS OF SOME COMMON FUND PAYMENTS AND DIVERSIONS
MP's share of the Common Fund are paid quarterly. We have copies of Common Fund Payment Advice to the OFFINSO NORTH MP, Hon. Augustine Collins Ntim.
 
REVELATIONS
On average, about Ghc 73,000.00 are paid to the Offinso North MP, Hon A. C. Ntim, every quarter i.e. every 3 months
In these payments, an average of Ghc 70,000.00 are paid directly or at source to the SUMMIT VISION MICRO FINANCE
 
WHAT IS LEFT FOR THE PEOPLE OF OFFINSO NORTH ON AVERAGE
Ghc 73,000.00 - Ghc 70,000.00 = Ghc 3000.00
 
For example, the payment advise for the OFFINSO NORTH MP's share of the common fund for the first quarter, 2016 is as follows:
Share of project fund  -         Ghc 73,938.31
Less Purchases.         -
Summit Vision             -        Ghc 70,701.00
                                Net. -       Ghc 3,237.00
 
In some quarterly common funds, all the funds were paid at source to the SUMMIT VISION. The share of the MP's project fund for the Offinso North District was Ghc 00.00
For example, the payment advise for the OFFINSO NORTH MP's share of the common fund for the second quarter, 2015 was as follows:
Share of project fund   -          Ghc 71,876.73
Less Purchases.          -
Summit Vision             -          Ghc 71,876.73
                                Net. -        Ghc 3,237.00
 
MP'S SHARE OF THE COMMON FUND FOR 32 QUARTERS (8YEARS) ON AVERAGE (ALL THINGS BEING EQUAL)
NO. OF QUARTERLY PAYMENTS - 32
AVERAGE SHARE OF MP'S COMMON FUND - GHC 73,000.00
Ghc 73,000.00 x 32 = Ghc 2,336,000.00
 
AVERAGE AMOUNT PAID TO SUMMIT VISION - GHC 70,000.00
Ghc 7,000.00 x 32 = Ghc 2,240,000.00
 
Therefore
Ghc 2,336,000.00 - Ghc 2,240,000.00 = Ghc 96000.00
 
WHAT THE PEOPLE OF OFFINSO NORTH DEMAND FROM OUR MP
1. The people of Offinso demand for an immediate explanation on why these funds have been paid to the SUMMIT VISION MICRO FINANCE
2. Who are the owners and/or directors of the SUMMIT VISION MICRO FINANCE
3. The people of Offinso North demand an immediate refund of all the funds diverted to the SUMMIT VISION with interest or we will advise ourselves.
4. We challenge the MP to publish his share of all the Common fund payment advice and tell us how much have been diverted or paid to the SUMMIT VISION and how much has been spent on projects he has undertaken in the Offinso North as MP.
 
......sign........
Kwasi Agyenim Boateng
(Convener, CJA, Offinso North)
 
 
 
Source/ghana/cruzfmonline.com/96.9