The Accra Circuit Court, presided over by Her Honour Susana Eduful, has remanded a former cashier of KAS Estate Ghana Limited, Ayisha Iddrisu, into police custody over allegations of stealing more than GH¢5.4 million from her employer.
The 32-year-old, who pleaded not guilty, is facing a charge of stealing, contrary to Section 124(1) of the Criminal Offences Act, 1960 (Act 29).
The case, which has generated wide public interest due to the huge sums involved, has been adjourned to August 27, 2025.
Presenting the facts before the court, the prosecuting officer, ASP Emmanuel Haligah, stated that between September 2018 and July 2025, Ayisha allegedly misappropriated GH¢5,478,338 from the company’s MTN Mobile Money (MoMo) account.
According to the prosecution, the complainant, Mr. Yahyah Kassim Atta, CEO of KAS Estate Ghana Limited, entrusted Ayisha with responsibility for handling MoMo transactions during her eight years of service with the company.
Investigations revealed that she had been transferring client funds from the company’s MoMo account to her personal accounts over several years.
The alleged scheme came to light in August 2025 when she was due to be transferred from the Tesano branch to Amasaman.
Her reluctance to surrender the MoMo phone to management raised suspicions. A request for a statement of account from MTN Ghana reportedly showed transfers amounting to GH¢5,406,118 to three MoMo numbers—0240485441, 0596095474, and 0598532718—all registered in her name.
An additional GH¢72,220 was also traced to other MoMo accounts.
The police said Ayisha admitted to the offence upon her arrest on August 12, 2025. She allegedly revealed that part of the money was used to acquire lands at Kasoa-Nyanyanor, Amasaman-Obeyeye, Amasaman-Obom, and Awutu-Senya.
She also purchased two vehicles, including a Toyota Yaris and a Toyota CH-R with registration number GR 4875-23, which has since been recovered by the police.
Further searches led to the retrieval of three mobile phones. One of them, an iPhone 14 Pro Max, contained a MoMo balance of GH¢2,848,207, while an iPhone 12 Pro Max held GH¢938,944. A Huawei phone was also seized.
Investigators disclosed that the accused maintained several bank accounts with GCB Bank, Ecobank Ghana, and Fidelity Bank, which are suspected to hold additional proceeds of the alleged theft.
Detective Inspector Timothy B. Asamoah Esq., the lead investigator, informed the court that efforts are ongoing to trace and recover all assets believed to have been acquired with the stolen funds.
