A Tamale High Court presided over by Mr Justice Edward Apenkwah has granted bail to an accounts officer of the Ghana Revenue Authority (GRA) for allegedly failing to account for GHC2.43 million belonging to the state.

According to Daily Graphic, Feseini Hamza was earlier accused of embezzling GHC GHS310, 909.96. However, the new figure came about after an audit was conducted from July 2014 to June 2017.

The audit was a follow-up to the one conducted from January 2014 to April 2017 which put the amount allegedly stolen by Hamza at GHS310, 909.96.

READ ALSO: Gov’t encourages ‘one chief, one farm’

Hamza has pleaded not guilty to two counts of stealing and money laundering.

The court accepted Hamza’s application for bail and granted.

He was granted bail in the sum of GHS500, 000, with two sureties, both to be justified.

Per the bail conditions, Hamza must deposit GHS250,000 at the court while the remaining amount should be a landed property of the same value.

READ ALSO: Fire guts Tamale Central market, destroys shops

The hearing continues on December 14, 2017.

Facts of the case

As an accountant of the GRA, Hamza was responsible for lodging money collected by the office into the various accounts of the GRA.

In June 2017, the Northern Regional Accountant of the GRA discovered during a validation exercise that there was a shortfall of GH¢310, 909.96 in the accounts of the GRA.

When he was questioned by the accountant, Hamza denied any malfeasance saying he had duly lodged all the money into the accounts of the GRA.

READ ALSO: You can make it in Ghana even if Satan is president - Hamid

The regional accountant went to GCB Bank Limited to verify Hamza’s claims.

The accountant found out that an amount of GHS310, 909.96 had not been lodged into the accounts.

Upon further interrogation, the accused admitted that he had not paid the money into the accounts of the GRA but rather he had used it to acquire personal property, including two plots of land, a house and a 4x4 vehicle.

The matter was reported to the police and Hamza was subsequently arrested.