“I’ve Sold My Mansion And Now Leave In An Apartment To Avoid Going Broke” : Dr Kofi Amoabeng Reveals

Dr. Kofi Amoabeng, the founder of the now-defunct UT Bank, has spoken openly about how life has treated him and continues to treat him after he has lost everything.

Mr Amoabeng, who provided additional information about his current situation, claimed that in order to stay afloat, he had to sell his opulent Range Rover and mansion, as well as other businesses, to pay off his debts.

Mr Amoabeng described his transition from luxury to a life of simplicity by selling most of his pricey possessions to Accra-based TV3 after his bank collapsed during the central bank’s banking sector clean-up.

In the interview, he also revealed that he owns just a shoe and a watch as he tries to live within his new-found modest lifestyle.

Notwithstanding losing a lot of valuables in life, Mr Amoabeng sounded very optimistic about the future because despite suffering a great financial loss, he still drives an Audi with a V8 engine.

In his own words;

“I have one watch, I have one shoe so I don’t need much money. I don’t have to have a lot of money to enjoy life…I don’t drive Range Rover anymore, I drive a Lexus…I had to sell it (mansion) to organize myself not to get broke,”

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