MV Adobia never contributed to the collapse of Unibank

On March 21, 2023, the attention of thepublisheronline.com was drawn to factual inaccuracies in an article titled “Revealed – MV Adobea contributed to the collapse of Unibank”.

Our article suggested that the loan extended to African Independent Coastal Services Limited by the erstwhile Unibank Ghana Limited for the purchase of the vessel MV Adobia led to the collapse of the bank. This was misleading.

For our story, the Publisher Online depended on unnamed sources within Unibank Ghana Limited. While our sources were known to us, we were unable to appropriately corroborate our source’s claims.

Again in publishing the article, the Publisher Online did not afford African Independent Coastal Services Limited and its representatives an opportunity to respond to the allegations.

The Publisher Online hereby fully retracts and apologizes to African Independent Coastal Services Limited, its directors and shareholders for our article.