The Commercial Division of the High Court has ordered Zeepay Ghana Limited and its Chief Executive Officer, Andre Takyi-Appiah, to pay more than $11.6 million to a customer after finding that they failed to transfer funds deposited for onward payments.
The judgment was delivered by Justice Afi Agbanu Kudomor in a case brought by Michael Yusuf, who sought the recovery of funds he claimed were deposited with Zeepay and into the personal mobile money wallet of the company’s CEO for transfer to designated beneficiaries.
After reviewing evidence presented before the court, including records of deposits, correspondence between the parties and the history of transactions, the court concluded that Zeepay and its CEO had failed to present a credible defence against the claims.
The court therefore granted Yusuf’s application for summary judgment in the case, Michael Yusuf v. Zeepay Ghana Ltd & Another (TLP-HC-2026-17).
As part of the ruling, the court ordered the defendants to pay:
• USD11,585,753.00
• EUR8,500.00
• GH¢1,400,000.00
The court further directed that interest be calculated on the amounts from the date of judgment until full payment is made.
In addition, the defendants were ordered to pay GH¢500,000 in legal costs.
Zeepay and its CEO had argued that Andre Takyi-Appiah should be removed from the suit and that any liability should rest solely with the company. However, the court rejected that argument.
According to the ruling, evidence before the court showed that a substantial portion of the funds in dispute had been paid directly into the CEO’s personal mobile money account.
The court noted that account statements submitted by the plaintiff supported the claim that significant sums were transferred directly to Takyi-Appiah, making him a proper party to the case.
Justice Kudomor therefore dismissed the attempt to remove the CEO from the proceedings and held both Zeepay and Takyi-Appiah liable for the amounts awarded to the plaintiff.
