Banker Bags 3 months Jail Sentence For Embezzling GHc 50,000


Citifmonline has reported that a banker was sentenced to three months imprisonment by an Accra circuit court after being convicted of stealing GHc 50,000.

The banker, whose name was given as David Neequaye, was charged with forgery of official documents and stealing. He pleaded guilty and was consequently convicted.

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He was sentenced to three months imprisonment with hard labour on the charge of stealing and fined GHc3,600 or  in default go to jail for three months on the charge of forgery. The sentences are however to run concurrently.

According to Prosecuting Chief Inspector Francis Tarsan, the complainant was Mr Edmund Kwesi Bamfo, the head of ‘Susu’ Banking at Nationwide Micro finance Company Limited and the accused was an employee and a Susu coordinator of the company.

According to the reports, it happened that in the month of November, last year, auditors of the company embarked on routine checks and discovered that Neequaye had embezzled funds belonging to the customers through the issuance of fake investment certificates. It was specifically discovered that the banker had stolen GHC 50,000. The company reported him to the police and the his case was taken to court.

The accused, who is believed to have spent the stolen money was only able to refund a meagre sum of GHC 1,600  to the company.

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