The former Director-General of the National Service Authority (NSA), Osei-Assibey Antwi, remains in custody following his inability to meet the bail terms set by the High Court in Accra.
Mr. Osei-Assibey, who has been charged with 14 counts of financial crimes including causing financial loss to the state, stealing, and money laundering totalling more than GHS1.5 billion, pleaded not guilty to all charges.
Justice Kizita Naa Koowa Quarshie on Thursday October 30 granted him bail in the sum of GHS800 million, with six sureties who must provide landed property equivalent to the bail amount as security.
As part of the conditions, the court ordered Mr. Osei-Assibey to deposit all his passports at the Court Registry and directed that his name be placed on the Ghana Immigration Service stop list. He is also required to report to the Police Headquarters on the first and third Wednesdays of every month.
Meanwhile, Citi News understands that his lawyers have filed a motion seeking a review of the bail terms.
The former NSA boss, who served as the principal spending officer and signatory to the Authority’s accounts, is accused of authorising payments to ghost names, causing significant financial losses to the state. The individual sums involved in the alleged transactions range from GHS516,000 to GHS55 million.
Defence counsel Osei Owusu argued that his client had been unfairly targeted and had cooperated fully with investigators, insisting that Mr. Osei-Assibey was not a flight risk. He also urged the court to consider his client’s record of public service.
Deputy Attorney General Dr. Justice Srem-Sai did not oppose the bail application but cautioned the court to consider the gravity of the offences and the large sums involved, noting concerns about the accused’s recent conduct.
The court has directed the prosecution to file all necessary disclosures ahead of the next hearing, which is scheduled for December 2, 2025, at 9:00 a.m.
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Ex-National Service boss pleads not guilty to financial crimes, granted GH¢800m bail
