The Office of the Attorney-General has filed three criminal charges against Manhyia South MP, Nana Agyei Baffour Awuah, over alleged financial misconduct in his handling of a case involving SIC Life Savings & Loans Company Limited.
The charges, filed at the High Court’s Specialised Jurisdiction Division in Accra on October 3, 2026, are conspiracy to commit a crime, intentionally causing financial loss to a public body and money laundering.
According to the charge sheet, the State alleges that Mr Awuah, while acting as lawyer for SIC Life, conspired with the company’s then Managing Director (MD) in 2024 to dissipate GH¢9.85 million belonging to the company.
The second count alleges that he intentionally caused SIC Life to suffer a financial loss of GH¢9.85 million in a business transaction.
The third count alleges that he transferred GH¢1 million to the then Managing Director of SIC Life, knowing the money was proceeds of crime and to help the recipient evade legal consequences.
How the case arose
Facts accompanying the charge sheet state that Mr Awuah is Senior Partner of Sarkodie Baffour Awuah & Partners, which was engaged by SIC Life in May 2020 to recover GH¢6.3 million from Equity Savings and Loans Limited.
SIC Life was to pay the firm 15% of the principal as professional fees, plus 1% for expenses. In July 2022, the High Court’s Commercial Division entered summary judgment in favour of SIC Life against Equity for GH¢10.86 million.
A 31.93-acre parcel of land belonging to Equity at Adamorobe, Oyibi, was subsequently attached in December 2023 in execution of the judgment.
A revised judgment dated May 28, 2024, increased the judgment debt to GH¢14.85 million, including interest and costs.
The land had a reserve price of GH¢25 million.
The State alleges that while under attachment, Equity purportedly sold it to Eco Swiss Investment Limited on March 14, 2024, for GH¢21.76 million.
Investigators found that Eco Swiss had not been incorporated at the time it purportedly acquired the property.The State further alleges that Mr Awuah was instrumental in arranging the transaction.
