access bank

The Head of the Audit Unit of Access Bank, Kafui Codjo Bimpeh, yesterday testified in the trial of Samuel Otumfuo, the Head of Operations of? the bank, ?who has been put before an Accra Circuit Court with others for allegedly stealing GH?809,611.24 from the bank.

Otumfuo and Pastor Samuel Amanor have been arraigned, after the bank?s internal auditors detected that the said amount had been withdrawn by Otumfuo using duplicate cheques of Chariamatar Ventures, a company belonging to the pastor.

Mr. Kafui Codjo Bimpeh told the court, presided over by Francis Obiri, that he led audit processes at the bank to ensure that no malfeasance occurred.

Led in his evidence in-chief by Chief Supt. Duuti Tuaruka, he said he knew Otumfuo as a staff of the bank who headed their branch services.

He said the duties of Otumfuo were to protect the bank?s assets, including cash, to ensure that no fraud occurred.

He also claimed the pastor was a customer of the bank.

According to the witness, the pastor had been with the bank since 2012 and explained that they were with Intercontinental Bank when Access Bank took over.

He stated that on January 24, 2012, he had instruction that certain transactions in the bank?s system could not be traced.

The auditor noted that the amount was GH?10,500 belonging to the bank, which had not been used, and so investigations were conducted which led to Otumfuo and the other accomplices being suspected of the malfeasance.

Charges

Otumfuo and Pastor Amanor have been charged with conspiracy to commit crime and stealing.

The suspects have pleaded not guilty to the charges while Otumfuo and the pastor have been denied bail.

They are all on a GH?500,000 bail with three sureties to be justified.

Presenting the facts of the case, the prosecuting officer, Chief Superintendent Duuti Tuaruka, told the court that the complainant is the Management of Access Bank while Otumfuo is the Head of Operation and Amanor is a

According to him, on February 2, 2014, the bank?s auditors undertook a yearly routine auditing exercise and? detected that between January? and October 2013, duplicate cheques belonging to Chariamatar and Ridas Company ?? ?belonging to one Eyram Dumor ? were used to withdraw GH?809,611.24.

The police officer claimed that the audit team invited Otumfuo but he was unable to explain the circumstances under which the money was withdrawn.

Furthermore, he said a report was lodged with the police and the accused person was arrested and during interrogation, mentioned the other suspects as those who assisted him with their companies.

In addition, he said Otumfuo said he used the money to assist his brother called Stephen Mawuli, but investigations revealed that he used the money for his personal use.

The prosecutor stated that Otumfuo, between March and July 2013, withdrew a total of GH?410,500 from the accounts of Chariamatar Ventures.

Explaining further, he said?Otumfuo also cashed GH?117,000 from the pastor?s account at CAL Bank?while later in July 2013, he took a total of GH?75,095.50 from the accounts of Ridas.

The Chief Superintendent stated that the suspect later withdrew Ghc31, 511.47 from the pastor?s account again.

He stated further that when the pastor was arrested he admitted the offence and said he had applied for a loan in 2012 from the bank but was at first refused.

The case has been adjourned to March 18, 2014.

?By Fidelia Achama

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