One Year On; Receiver Still Pursuing UT, Capital Cash

Interested parties to benefit from proceeds of the disposal of assets and liquidation of same of defunct UT and Capital banks may have to wait a little longer.

This is because the Joint Receiver for the defunct UT and Capital banks, Pricewaterhouse Coopers has stressed that the processes, majority of which are legal, could take more time than expected.

The disclosure also comes a year into the revocation of the licenses of the two banks.

Citi Business News has been engaging the Country Senior Partner for PwC, Vish Ashiagbor who amongst others explains efforts to pursue persons who have defaulted in one way or another.

Click below to listen to the full audio report