A significant ruling has been delivered by the High Court, ordering mobile money company Zeepay and its Chief Executive Officer, Andrew Takyi-Appiah, to pay a substantial sum of over $11.6 million to a customer. The court's decision stems from a case where a client, Michael Yusuf, entrusted Zeepay with funds intended for transfer, which were allegedly never sent.
According to reports, the funds in question remained inaccessible, with allegations suggesting they were held within the CEO's mobile money wallet. This judgment marks a critical development in a case involving the alleged misappropriation of customer funds and highlights the legal ramifications for financial service providers in Ghana.