Ghana’s Supreme Court has ordered Ecobank and Stanbic bank respectively to defreeze the accounts of former COCOBOD Chief Executive Officer, Dr Stephen Opuni.
The five-member panel presided over by Justice Jones Dotse quashed an Accra High Court ruling that directed the aforementioned banks to freeze Dr Opuni’s accounts.
The Economic and Organized Crime Officer (EOCO) on February 2017 moved to freeze the two accounts after suspecting that Dr Opuni might have abused his office to enrich himself.
After several unsuccessful attempts to get access to his account, lawyers of Dr Opuni proceeded to the apex court of the land for a determination on the matter.
Dr Opuni and businessman Seidu Agongo are facing 27 charges of willfully causing financial loss of GH¢217million to the state, through three separate fertiliser supply contracts between 2014 and 2016.
The contracts were GH¢43.1million (2013/2014 cocoa farming season), GH¢75.3million (2014/2015 cocoa farming season) and GH¢98.9million (2015/2016 cocoa farming season) totaling GH¢217million through sole-sourcing, the state claimed, adding that procurement procedures for sole-sourcing were not followed.
The two have pleaded not guilty to all charges and were each granted a GH¢300, 000 bail.
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