Former NDC MP wants to refund GH¢2 million ‘stolen’ cash

Richard Lassey Agbenyefia

A former National Democratic Congress MP has indicated he is willing to refund ‘stolen’ monies to escape jail, his lawyers have signaled.

The one-time Keta NDC MP, Richard Lassey Agbenyefia, is standing trial for stealing and causing financial loss to the state when he was a board member at Venture Capital Trust Fund.

He had pleaded guilty to the charges but last week, his lawyers announced he could refund more than GH¢2 million and escape a jail term.

It is a provision allowed under Ghana’s laws, Section 35 of the Courts Act, which allows accused persons to make restitution found to have amassed ill-gotten state cash.

That law has helped three former officials at Venture Capital Trust Fund to escape jail last week.

The three – including the former CEO, Daniel Duku, – have agreed to refund GH¢18.5 million after they pleaded guilty for causing financial loss of GHC42.8 million to the state.

Former CEO of Venture Capital Trust Fund, Daniel Duku

In default, they – Daniel Duku, his former personal assistant Irene Anti Mensah; and her husband Frank Aboagye Mensah – could be sentenced to a prison term if they fail to pay up within three months.

The NDC MP is said to be keen on taking advantage of this law and has instructed his lawyers during a trial last week to announce hopes of a restitution.

The prosecution would have to study his proposals and if favourable present it to court for approval.

According to the Director of Public Prosecutions, Yvonne Atakora Obuobisa, the accused, Richard Agbenyefia used fictitious names and companies to receive loans from the state agency of his he was a board member.

The former politician is the second accused person and obtained loans in the names of companies based on false representations to VCTF without the knowledge, permission or approval of the owners of the companies whereas in other instances the loans were obtained in the names of non-existent companies, the state has said.

Daily Guide newspaper has reported Mr. Agbenyefia has had previous refund offers rejected because the proposals were unsatisfactory.

The GH¢2million he allegedly stole would have to be paid with interest. He could face up to 10 years in jail if he fails to pay the monies after the court agrees with his restitution package.

The ex-NDC MP is said to be cash-strapped.

Richard Lassey Agbenyefia, a lawyer, served as the MP for Keta in the Volta region from 2009 to 2012.

He turns 52 years next month.

With three accused persons in the Venture Capital Trust Fund trial convicted, three other persons are yet to know their fate.

The other accused are Richard Lassey Agbenyefia, a former National Democratic Congress Member of Parliament for Keta and a former member of the Board of Trustees of VCTF; Kofi Sarpong, an Investment Officer of VCTF and Charity Opoku also known as Charity Ameyaw, an accountant at VCTF.

They have been variously charged with 86 counts of willfully causing financial loss to the state, abetment of crime, stealing, defrauding by false pretences and issuing of false cheques.

12 Comments
  1. Dinesh Agarwal says

    Sr kya kam mil Sakta hai

  2. Anonymous says

    So we have thieves such as this wantonly and shamelessly stealing Ghana’s money!!. Why give them option of paying? Let them go to Gail. As for you Larssey, I am ashamed of you. Your conduct of stealing is disgraceful. You people contribute to the curruption tag of the NDC. Hoooooooooo

  3. Anonymous says

    So we have thieves such as this wantonly and shamelessly stealing Ghana’s money!!. Why give them option of paying? Let them go to Gail. As for you Larssey, I am ashamed of you. Your conduct of stealing is disgraceful. You people contribute to the curruption tag of the NDC. Hoooooooooo

  4. Paul says

    God will definitely punish these people who we have entrusted the state into their care only for them to hide behind the law and steal. Why give them the option to pay and escape jail???. There is no fairness at all

  5. Anonymous says

    Very bad for our country

  6. Foslee says

    So this man thief was called honourable??? What a shame. When will Ghana state be free from these practices???

  7. john bright says

    Why cant armed robbers and petty thieves be given same options? Some of our judges too

  8. JoJo setsomor says

    I am from Kenya and do not know Agbenyefia to have been an mp, at least not for the period mentioned. Daily Guide, check your fact. Quashiegah was our mp.

    1. Anonymous says

      Then u r not from keta. U really from Kenya😂

  9. Andy says

    In China, these criminals have no chance of restitution. They would have been sentenced to death. No wonder Ghana is underdeveloped.

  10. N-gbieni Basuglo says

    Why a restitution? Condoning crime? Why won’t others also steal if they have the opportunity?

  11. Anonymous says

    How can a goat thief be jail 6 years because his old man father could not raise 300gh hmmmmn

Leave A Reply

Your email address will not be published.

You might also like