Trader remanded over GH¢800k bank transfer mix-up
According to prosecutors, Nimako—popularly known as Maa Adwoa—used up GH¢770,500 of an accidental GH¢800,000 transfer. The money had been intended for someone else but ended up in her Ecobank account due to a banking error
A businesswoman, Constance Gyasi Nimako, has been remanded into custody by an Accra Circuit Court following allegations that she illegally spent funds mistakenly deposited into her bank account.
According to prosecutors, Nimako—popularly known as Maa Adwoa—used up GH¢770,500 of an accidental GH¢800,000 transfer. The money had been intended for someone else but ended up in her Ecobank account due to a banking error.
Investigations revealed she quickly moved the funds: GH¢300,000 was sent to her mother’s Fidelity Bank account, GH¢400,000 was transferred to her GCB Bank account, and GH¢70,500 was withdrawn in cash. At the time the banks noticed the mistake, only GH¢29,778.47 remained.
Nimako faces charges of stealing and money laundering. Her mother, Cecilia Gyasi, is also in court, accused of helping to launder the funds. Both women pleaded not guilty.
Due to the seriousness of the case and concerns about her willingness to face trial, the presiding judge, Mrs. Susan Eduful, denied Nimako bail. Her mother, however, was granted bail of GH¢500,000, with the condition that her two sureties be close relatives earning a minimum of GH¢2,000 monthly.
The matter returns to court on July 7, 2025.
The incident stems from a transfer request made on February 4, 2025, by a businessman (whose identity remains undisclosed) to move GH¢800,000 from his company’s Consolidated Bank Ghana (CBG) account to his personal Ecobank account. Unfortunately, he entered the wrong account number, and the money was sent to Nimako.
When the businessman followed up on the delayed transaction, the bank traced the funds to Nimako’s account. Attempts by CBG and Ecobank to recover the money failed, as Nimako reportedly refused to cooperate.
Further police investigations, aided by CBG’s security team, led to the arrest of both women—Nimako in Kumasi and her mother in Accra. Authorities say Nimako had informed her mother about the sudden windfall and had instructed her to withdraw the GH¢300,000, which she did.
When interrogated, Nimako allegedly claimed the money came from an unfamiliar foreign firm and that she had already used the funds to order goods still in transit.
Police say investigations are ongoing in efforts to retrieve the remaining amount.
