Understanding the Rejection of Kennedy Agyapong's $20m

The Economic and Organised Crime Office (EOCO) recently rejected a property owned by Kennedy Agyapong, valued at $20 million, as surety for the bail of Bernard Antwi Boasiako, popularly known as Chairman Wontumi.

According to George Oduro, a former Member of Parliament for New Edubiase, the property was rejected due to legal reasons, specifically because the property documents were already in the custody of the court due to a previous case involving Professor Christopher Ameyaw-Akumfi [1].

Why the Property Was Rejected

The property, valued at $20 million, was deemed insufficient to meet the bail requirements for Chairman Wontumi due to the existing legal encumbrance. Despite its significant value, exceeding the GH₵50 million bail condition set for Wontumi, the property’s documents were already tied up in court proceedings, rendering them unusable for the bail process [2].

Kennedy Agyapong’s Efforts to Secure Bail for Wontumi

According to George Oduro, Kennedy Agyapong made genuine efforts to secure bail for Wontumi, even going so far as to explore using other properties he owned. However, most of these properties lacked the necessary land titles, making them unsuitable for the bail process [3].

The Bail Conditions for Chairman Wontumi

Chairman Wontumi was granted bail with a GH₵50 million bond, with two sureties required to be justified with landed properties situated in Accra. Bryan Acheampong, the former Minister for Food and Agriculture and Member of Parliament for Abetifi, stood as one of his sureties [4].

The rejection of Kennedy Agyapong’s $20 million property by EOCO highlights the complexities of the bail process and the importance of ensuring that sureties meet the necessary legal requirements. Despite the efforts made by Kennedy Agyapong to secure bail for Chairman Wontumi, the property’s existing legal encumbrance rendered it unsuitable for the bail process [5].