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    Home»General News»High Court Restrains EOCO, Halts “WANTED” Declaration Against Directors of SESI-EDEM Company Limited

    High Court Restrains EOCO, Halts “WANTED” Declaration Against Directors of SESI-EDEM Company Limited

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    By TNRgh on April 16, 2026 General News
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    Accra, 15 April 2026 — The High Court has granted an order of interim injunction restraining the Economic and Organised Crime Office (“EOCO”) from maintaining or acting upon its “wanted” declaration against Dr Gabriel Tanko Kwamigah-Atokple, a member of the Council of State, and directors of Sesi-Edem Company Limited.

    The development was confirmed in a press statement issued by the Company’s solicitors, Knightscild Chambers, which outlined the scope and effect of the Court’s order.

    According to the statement, the Court, in the exercise of its supervisory jurisdiction, further restrained EOCO from continuing any purported investigation into the Company and its directors in relation to a gold sale transaction with JG Resources Ltd, and from taking any steps that would interfere with their liberty or the Company’s operations.

    The dispute traces back to November 2025, when JG Resources Ltd petitioned EOCO alleging that only 29 kilograms of gold had been delivered under a 50-kilogram supply agreement. However, under the express terms of the contract, full delivery was not due until 5 June 2026—a fact that was brought to EOCO’s attention and later admitted in sworn affidavits before the Court.

    Notwithstanding this, EOCO proceeded to characterise the matter as one of defrauding by false pretences and money laundering, and imposed administrative freezing orders on the Company’s bank accounts.

    Sesi-Edem Company Limited successfully challenged those actions before the High Court. In a ruling delivered on 19 March 2026, the Court held that EOCO had acted outside its statutory mandate and in breach of the Company’s constitutional right to administrative justice. The Court further found that the facts disclosed no basis for allegations of fraud or money laundering and ordered the defreezing of the Company’s accounts.

    Despite that decision, EOCO subsequently issued a public media release on 30 March 2026 indicating its intention to continue investigations and declaring the Company’s directors, including Dr Kwamigah- Atokple, as “wanted persons.”

    Knightscild Chambers, in its statement, noted that, by granting the interim injunction, the High Court has now effectively halted EOCO’s attempt to proceed with actions that had previously been held to be outside its mandate, preserving the status quo pending the determination of the substantive application.

    The order has since been formally served on EOCO. Knightscild Chambers stated that it expects strict compliance by EOCO’s Board and Management, and emphasised that any further action inconsistent with the Court’s directive may attract legal consequences.

    Sesi-Edem Company Limited maintains that the transaction in question is purely contractual. The substantive judicial review application remains pending before the Court.

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