The Circuit Court in Accra, presided over by Her Honour Susana Eduful, is hearing a case involving Lemuel Addo, a 36-year-old cashier accused of stealing GH¢388,615.00 from SIC Life Insurance Limited.
The accused, who works with Sika Plan (Okum-Ka), a subsidiary of SIC Life, allegedly misappropriated the funds after receiving a total premium payment of GH¢703,775.00 from customers on May 16, 2025.
According to the prosecution, Lemuel Addo deposited only GH¢315,160.00 into the company’s account at Republic Bank on May 19, 2025 leaving a balance of GH¢388,615.00 unaccounted for.
When confronted by the complainant, Lemuel Addo, an insurance officer with SIC Life, Lemuel Addo initially claimed he had made a double deposit into the account on the same day.
However, further checks revealed this to be false, and investigations showed that the accused had diverted the missing funds.
Police say that during interrogation, Lemuel Addo denied any wrongdoing and claimed the shortage stemmed from errors made in March 2025.
Subsequent investigations disclosed that the accused had used part of the money to process a visa in an attempt to travel abroad.
Lemuel Addo has been charged with stealing, contrary to Section 124(1) of the Criminal Offences Act, 1960 (Act 29).
He pleaded not guilty during his first court appearance on July 8, 2025, and was granted bail in the sum of GH¢400,000 with four sureties, two of whom must be justified with title deeds.
He is also required to deposit his passport with the court registry or allow the prosecution to confirm whether he possesses one.
Chief Inspector Ebenezer Teye-Okuffo, the lead prosecutor, was directed to file witness statements by August 11, 2025.
However, on the return date, the prosecution requested more time to complete an audit of the accused’s bank account. The court granted the request, adjourning the case to September 15, 2025.
Meanwhile, an application by Addo’s lawyer for a variation of the bail conditions was denied by the court.
