A Banker Accused of Stealing GH¢12 Million from Client Accounts
A relationship manager at a private bank, Christopher Arthur, has found himself in legal trouble after allegedly stealing a staggering GH¢12 million from a client’s accounts. Part of the stolen funds, GH¢600,000, was reportedly spent on online sports betting. The incident has led to his arrest and appearance in a Circuit Court in Accra, where he is facing charges of theft.
Christopher Arthur, who managed the accounts of a businessman at the bank’s Haatso branch, has pleaded not guilty to the allegations. Court documents reveal that he was responsible for handling the financial affairs of a business entity known as C.T and C Limited. The accused is also charged with forging bank statements and manipulating account records to hide unauthorized transactions.
His legal team requested bail pending the trial, and the prosecution did not object. As a result, the court, presided over by His Honour Eyram Fumey, granted him bail in the amount of GH¢12 million, with four sureties, three of whom must be justified. Christopher Arthur is scheduled to reappear before the court on May 26, 2026, for a Case Management Conference. The prosecution has been instructed to file all necessary disclosures before the next hearing.
According to the prosecution’s brief facts presented by Chief Inspector Jonas Larwer, the complainant, a businessman, opened three accounts at the bank in 2023 for his company. These accounts were placed under the management of Christopher Arthur. In January 2026, the complainant noticed irregularities in the accounts and raised concerns with Arthur. Further investigations revealed that approximately GH¢12 million had been misappropriated.
When confronted on March 8, 2026, Arthur attempted to mislead the complainant by producing a forged internal bank statement to cover up the discrepancies. However, the document was later discovered to be falsified. Realizing he had been exposed, Arthur admitted to the wrongdoing and made partial repayments, including an initial cash payment of GH¢94,000 and an additional GH¢1,195,900 four days later.
The complainant then reported the matter to the police at Baatsonaa on March 25, leading to Arthur’s arrest. Chief Inspector Lawer informed the court that investigations have uncovered that part of the stolen funds—GH¢600,000—was used on an online betting platform. He also mentioned that the fraudulent scheme dates back to April 2025 and involved accomplices, including individuals identified as Gyamfua Obaayaa and Abigail Thelma, both believed to be based in Kumasi.
These suspects are alleged to have siphoned over GH¢846,000 from the complainant’s accounts through accounts linked to them. The facts also state that several assets believed to be proceeds of the crime have been recovered so far. These include a Toyota Corolla, a Hyundai Elantra, an Apple laptop, and GH¢481,800 in cash.
Police investigators have also traced additional suspicious withdrawals amounting to GH¢7.5 million through accounts held at other banks under the name Adafia Caeser Shadrack. Chief Inspector Lawer added that efforts are ongoing to secure court orders to access further banking records and to apprehend other suspects linked to the alleged scheme.
