A 28-year-old bank manager has been granted GH¢1 million bail after appearing before the Adenta Circuit Court over the alleged theft of GH¢1 million from Oyibi Area Community Bank PLC.
Adjetey Isaac Noi, the bank’s branch manager, is accused of allegedly reactivating a dormant customer account without the account holder’s consent and using it to transfer funds to accounts at different financial institutions. He has pleaded not guilty to the charge of stealing.
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The court, presided over by Mrs Angela Attachie, granted Noi bail in the sum of GH¢1 million with two sureties, both required to justify the bail with landed property. The case is expected to continue as the court considers the allegations and evidence presented.
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According to the prosecution, the alleged transactions took place between March and September 2025. The case came to light after the Head of Audit and Inspection at ARB Apex Bank PLC and a team of auditors inspected the Oyibi branch on September 28, 2026, following intelligence about suspected irregular transactions.
Chief Inspector Maxwell Lanyo told the court that the audit team allegedly detected a transfer of GH¢1 million from an internal bank account into a customer account held at the same bank. The matter was reported to the bank’s head office, which directed that a formal complaint be made to the police.
The prosecution further alleged that investigations found the dormant account had been reactivated without the account holder’s consent and used as a transit account to move funds to accounts at other banks. Prosecutors said the accused had not provided a satisfactory explanation for the transactions.
Noi’s plea of not guilty means the allegations remain to be determined through the judicial process. The charge does not amount to a conviction, and the accused is entitled to the presumption of innocence unless proven guilty by a court of law.
The case has drawn attention to the importance of internal financial controls, account monitoring and audit procedures within banking institutions. The court proceedings will determine the facts and any legal responsibility arising from the alleged transactions.
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