Zoe Outreach Embassy pastor, wife granted GH¢46m bail

Pastor Godson, according to the prosecution, is also the owner of Fromfrom Capital Limited, a company he bought from the original owners and registered in the names of his employees, who are holding it in trust for him.

The prosecutor also alleged that according to Pastor Godson and his wife, the monies realised from the sale of the land were invested in the international money market through Tikowrie Capital Limited, Fine Fort Capital Limited, Top FX and Edge FX.

Again, the prosecutor said in a letter dated April 18, 2019, the National Security Coordinator requested the Director General of the Criminal Investigation Department of the Ghana Police to conduct investigations into the activities of the EL Real Estate Limited in relation to payments of dividends to their customers who had made investments with the company.

During the period that the complainants were paying monies into the accounts of the companies of the accused persons, the prosecution said the first accused person deposited and withdrew a huge sum of money from Fine Fort Capital and bought Fromfrom Capital Limited from its owners by August 31, 2018.

Fine Fort Capital Limited is also not licensed to engage in the business of investment/fund management.

Tikowire Capital Limited and Fromfrom Capital Limited are however licensed to do business of investment/fund management.

“In all, about 875 persons invested a total of GH¢23,773,950 with the aforementioned companies as follows – (784) persons invested a total of GH¢ 19,288,950 with EL Real Estates Limited, (79) persons invested a total of GH¢4,208,500 with Tikowrie Capital Limited while (12) invested a total of GH¢275,500 with Fromfrom Capital Limited,” the prosecutor told the court.