A protracted legal battle has culminated in a court order compelling Ecobank to release shares belonging to Mr. Afari, which had been held as collateral. The shares were reportedly used in a failed transaction involving Cal Bank shares.
The dispute arose after the sale of Dan Ofori's Cal Bank shares to Oppong Bio did not materialize. Ecobank's subsequent reluctance to return Mr. Afari's collateral, despite multiple court victories for him, led to further legal action. The bank has now been mandated by the court to release the shares.