Kwesi Nyantakyi, ex-GFA official charged with fraud, granted GHC1m bail

There is no end in sight for the case of embattled former GFA President, Kwesi Nyantakyi as he has been slapped with fraud among other charges.

Principal State Attorney Victoria Asiedua revealed in Court on Wednesday that Mr. Nyantakyi, together with a former member of the Association’s executive committee, Abdulai Alhassan implemented a Memorandum of Understanding (MoU) with a ghost company to secure sponsorship for the Ghana Premier League in 2017.

An investigative piece by Anas Aremeyaw Anas and his Tiger Eye P.I Team exposed the dealings of the former Ghana Football Association Boss.

Excerpts of the documentary unveiled Mr. Nyantakyi claiming to have deep-rooted influence including the President, Akufo Addo. The duo are alleged to have demanded $12 million from the supposed investors in exchange for mouth-watering contracts in Ghana.

The monies were to be allegedly disputed as; $5 million for the President, $3 million for the Vice President, $2 million for the Roads and Highway’s Minister, $1 million dollars for his Deputy with the rest reserved for the Mr Nyantakyi and Mr Alhassan.

Myjoyonline reports that Mr Nyantakyi was admitted to bail in the sum of 1 million cedis with three sureties, one to be justified.

Mr Alhassan was also given the same sentence.

They are also required to report every Friday at the police CID.

More to follow...

Source: ghanaweb.com