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Farmers laud Kuapa Kokoo for exposing GHS4m Scandal

botchway April 16, 2018

Farmers who sell thir cocoa to Kuapa Kokoo Limited (KKL) have commended the management and board of Directors of the company over its decision to expose the GHS GH¢4,850,700 scandal that has rocked the cocoa buying company.
The action of the management, the farmers argued, would protect their holdings and rekindle their faith in the company.
The District Manager of KKL at Akontombra, in the Western Region, Eric Fiifi Cudjoe is currently in the grip of the law for allegedly embezzling GH¢4,850,700 belonging to the company. He (suspect) has already been remanded into police custody by an Ejisu court, presided over by Abdul Yusuf Assibey. The Akontombra District Manager was arrested by the Ashanti Regional Police Command and subsequently arraigned before the court for fraudulent breach of trust, following a complaint lodged by the new Managing Director of KKL, Mr. Samuel Adimado, for failing to purchase 10,212 bags of cocoa beans with the said amount of money. The money, according to the Managing Director of KKL, was transferred through the ARB APEX Bank in Kumasi into the account of Cudjoe at the Amenfi Rural Bank Limited, between September 2017 and February 2018. The accused though a relative of the President of Kuapa Kooko Cooperative Farmers and Marketing Union Limited (KKFU) the parent company of KKL, was not speared when management detected the anomaly. Cudjoe, on numerous occasions, allegedly presented false reports to the company concerning the purchases of the cocoa beans. But the cocoa farmers, who are overwhelmed by the situation looking at the relationship between Cudjoe and the President of KKFU, told The Chronicle that the bold action taken by their leaders including the President and the Board irrespective of blood relations to stump out corruption has renewed their faith and confidence in their leaders. We were overly excited at her insistence that the said amount be retrieved at all cost. “We are so surprised about the courageous manner our lady leader and the management have taken to deal with the issue in a dispassionate manner devoid of fear and intimidation. This is worth commendation.
“Initially we had doubts because in Ghana, when a relative of someone in high position does something wrong, they treat that person with kids gloves but management has blazed a new trail; proving us wrong.
“Their action is so reassuring that in them we see a better future for Kuapa Kooko. We are now confident that our little contributions accrued over the years will not go waste”, Agya Kwasi, a cocoa farmer in the Sefwi Akontombra area told this paper. Another cocoa farmer at Ankaase in the Ashanti Region said: “Now, we the farmers are very confident and our trusts have been boosted by the action of management. We want to thank them all for not allowing one person to embezzle that huge amount of money at our expense. This goes to prove that nobody can take us for a ride”. Mr. Appian Kwateng, member of the National Executive Committee (NEC) of KKFU commenting on the issue lauded the Board and Directors, as well as management of KKL for showing the way forward in handling such a dicey situation. He lauded the cooperative efforts of the President of KKFU in dealing with the situation. “What even amazes me is the fact that our President has never interfered in the process. She has really demonstrated that she does not condone corruption”, he noted. Mr. Sampson Cobbina, Board Member, KKL, on his part told this reporter that their action should send a signal to the rest of the staff of KKL that they meant business and will not shield anyone from wrongdoing. He said the Board has resolved to give all their support to management to stamp out corruption from the company.
The Managing Director of KKL, Mr. Adimado, when contacted over the situation said his outfit was going to deplore electronic systems into their operations to track “everything that goes on in the company” to boost confidence in their stakeholders.
“When we do this, it will be very difficult for anybody to steal from the company”, he noted.

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