Editorial News of Wednesday, 3 September 1997

Source: --

THE GHANAIAN CHRONICLE

"Tsikata's kid's fees funded via secret account", is the screaming headline story on the front page of the Chronicle. The story says Ms Victoria Brittain, the British journalist friend of Captain Kojo Tsikata (rtd) who has been exposed as the conduit for the transfer of foreign exchange from Libyan source to Tsikata in the United Kingdom, has been making stunning disclosures to her editor Mr Alan Rushbridger of "The Guardian". The Chronicle says under intense interrogation, Ms Brittain who has been quiet since the story broke, told Mr Rushbridger that she had been the custodian of Kojo's money over several years and that over 300,000 pounds had passed through her account. The paper says the sensational disclosure she made was that before these large sums hit her account, Kojo had been making deposits into her bank account for the education of the ex-security chief's son in a private school in England. The Chronicle says the news of Kojo paying for his child's education in England will come as a surprise to many Ghanaians against the background of the Captain's own signed assets declaration in 1992 in which he depicted himself as penniless man with only an old gramophone as one of his main assets. The paper says Capt. Tsikata did not declare that he had any financial holdings overseas. GRi

Another front page story in the Chronicle says the Serious Fraud Office (SFO) last Friday issued a statement distancing itself from an offcial report on the Securities Discount Company investigations of 1996. The Chronicle says the statement said "The Serious Fraud Office wishes it to be known that it has not issued out any report on the Securities Discount Company lnvestment Limited. Investigations into the SDC Investments as well as the investigations into Capital Telecom are still on-going". The paper says the statement signed by Mr Theophilus Cudjoe stated emphatically in his capacity as deputy director of SFO. The Chronicle, however, says Mr Cudjoe was lying and questioned why he should put the entire integrity of such a constitutional body on the line. It says in a sharply contradictory press release signed by the former acting director of the SFO, Mr DeGraft Aidoo, he confirmed that those reports had indeed been issued by him and released to several individuals and institutions. The paper says Mr DeGraft Aidoo saw 'red' in inferences in the SFO release signed by Mr Cudjoe which implied that the former director was the source of press leakages. Mr DeGraft Aidoo, according to the Chronicle, confirmed that the reports on the SDC and Capital Telecom affair had been issued. GRi