Manhyia South MP Charged with Money Laundering Over SIC Life Transaction

The Economic and Organised Crime Office has formally charged Manhyia South Member of Parliament Nana Agyei Baffour Awuah with money laundering and causing financial loss to the state. Samuel Atta Akyea, the MP’s lawyer, confirmed the charges on JoyFM’s Top Story on Thursday, October 1. He rejected the allegations, insisting the MP’s role was strictly legal work performed for SIC Life Savings and Loans. Atta Akyea highlighted a court judgment and documented steps that recovered an investment from Equity Savings and Loans, stating the process followed proper legal channels.

According to him, the transaction was initiated after SIC Life engaged his client’s law firm to reclaim an investment. The case proceeded through the courts, leading to a judgment and the attachment of assets belonging to Equity Savings and Loans. He argued the paper trail proves the firm acted on instructions, questioning how that could amount to criminal conduct. He also disputed claims of a GH¢14 million loss, saying the judgment recorded approximately GH¢10 million, comprising the principal and accrued interest.

Atta Akyea challenged EOCO’s jurisdiction, asking whether the matter fell within its mandate. He pointed out that the allegations remain unproven and that EOCO’s focus on unauthorised transactions has not been tested in court. The lawyer noted the MP voluntarily reported himself to EOCO after an Accra High Court warrant authorised his arrest and the seizure of relevant documents. He remains in custody but is cooperating with investigators.

Nana Agyei Baffour Awuah is expected to appear in court as the state builds its case. The outcome of the trial will determine whether the charges proceed to conviction or are dismissed.