The lawyers for the businessman on Thursday got the initial GhC 54 million bail bond slashed to GhC 20 million with three sureties. However, they are still unable to meet the required conditions for his release.
Sources close to Mr. Woyome, touted as the financier of Ghana’s ruling National Democratic Congress (NDC), indicate that the revised bail condition of GhC 20 million and three sureties is still on the high side for the philanthropist to meet.
Mr. Woyome and three others – Samuel Nerquaye-Tetteh and his wife as well as Paul Asimenu - were arrested and charged a fortnight ago over their alleged involvement in the judgment debt payment scandal.
The businessman has been charged for defrauding by false pretense, conspiracy to commit crime and corrupting public officials in the infamous GhC51 million judgment debt paid him after an alleged contract to build and renovate some stadia ahead of the CAN 2008 tournament with the erstwhile Kufuor administration was terminated.
The embattled philanthropist has been in police custody since his arrest on February 3. The Economic and Organised Crimes Office (EOCO) cited Mr. Woyome to have transferred about GhC 400,000 from his bank account to Mr. Nerquaye-Tetteh’s wife right after the judgment debt was paid, but the interim EOCO report failed to mention reasons behind the payment.