Alleged Stanbic Bank Thief Granted GH¢400,000 Bail

By A 25-year-old National Service Personnel, Jesper Kobina Mensah, who stands accused of stealing GH¢303,950 through unauthorised electronic transfers from a Stanbic Bank Ghana Ltd customer, has been granted bail by an Accra Circuit Court.

The ruling was delivered on Tuesday, September 16, 2025, by Her Honour Sedinam Awo Kwadam, presiding over Circuit Court 7. The accused, who pleaded not guilty to the charge of stealing, was granted bail in the sum of GH¢400,000 with three sureties, one of whom must be justified.

As part of the bail conditions, Mensah is restricted from travelling outside the jurisdiction without the express permission of the court. He is also required to report to the police once every week pending the outcome of the trial. The case has been adjourned to October 30, 2025, to allow for further investigations.

Background

Mensah was formally charged with one count of stealing, contrary to Section 124(1) of the Criminal Offences Act, 1960 (Act 29), as amended by Paragraph 4 of NLCD 398, and Section 107 of the Electronic Transaction Act, 2008 (Act 772).

According to court documents, the case was initiated following a complaint lodged by Stanbic Bank Ghana Ltd, represented by its Manager of Investigations, Ms. Genevieve Ama Gadikor.

The complaint followed an incident reported on July 15, 2025, in which a Ghanaian customer residing in South Africa discovered unauthorised withdrawals totalling GH¢303,950 from his account.

The funds were allegedly transferred to various MTN Mobile Money accounts, including:

0598633019 (Abraham Asiedu), 0544116186 (Stephen Eshun), 0597564947 (Fatau Sulley).

Subsequent investigations led to the arrest of Fatau Sulley, a known Binance USDT (cryptocurrency) merchant, who admitted to receiving the funds for crypto transactions, but claimed he was merely a conduit.

On August 28, 2025, police intelligence led to Mensah’s arrest at his residence in Nungua, Accra. A search of his premises uncovered an array of electronic and telecommunications devices believed to be connected to digital fraud.

These included nine mobile phones, two laptops, 108 registered Telecel SIM cards, 27 empty Telecel SIM starter packs, 72 registered MTN SIM cards and 88 empty MTN SIM starter packs.

Mensah admitted in his caution statement that he controlled two of the mobile numbers used in the fraudulent transactions and had received the stolen funds.

However, he claimed to have acted under the instructions of unidentified Chinese nationals, who allegedly directed him to convert the stolen money into USDT via the Binance platform.

The lead investigator, Detective Sergeant James Kwesi Turkson, informed the court that investigations remain ongoing, particularly in efforts to identify and apprehend the alleged international accomplices.

The prosecution, led by DSP Emmanuel Nyamekye, is continuing to build its case. The court is expected to resume proceedings on October 30, 2025, as new evidence may be presented and additional suspects possibly named.

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