Wontumi Faces Asset Confiscation As High Court Sets Feb. 22 For EOCO Ruling In EximBank Fraud Case

According to a report by TV3Gh, on Friday October 30, 2026, the High Court has scheduled February 22 to deliver its ruling on an application by the Economic and Organised Crime Office (EOCO) seeking the confiscation of assets belonging to former Ashanti Regional Chairman of the New Patriotic Party (NPP), Bernard Antwi Boasiako, popularly known as Chairman Wontumi.

The application forms part of legal proceedings connected to an alleged fraud case involving the Export-Import Bank of Ghana (EximBank), in which Wontumi is facing allegations of financial misconduct.

EOCO is seeking the court’s authorisation to take control of assets believed to be connected to the alleged offences. The application is intended to secure the properties while the relevant legal processes surrounding the case continue.

The decision scheduled for February 22 is expected to be an important development in the ongoing proceedings, as the court considers whether the legal requirements for the requested confiscation have been satisfied.

The case has attracted considerable public attention because of Wontumi’s political position and his involvement in the controversy surrounding the EximBank-related allegations.

EOCO’s move to confiscate the assets represents another significant step in the agency’s efforts to pursue suspected financial crimes and recover properties allegedly connected to unlawful activities.

The application, however, remains subject to the court’s determination, meaning that EOCO will have to await the judge’s decision before any action can be taken based on the request.

For Wontumi, the outcome could have significant implications for the assets covered by the application, depending on the court’s eventual ruling.

The February 22 date will therefore be closely monitored by legal observers, political stakeholders and members of the public interested in the case.

The court’s decision will clarify whether EOCO can proceed with its request to confiscate the properties or whether the application will be rejected.

Until then, the matter remains before the court, and the allegations must be treated in accordance with due process and the applicable laws.

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