The first accused standing trial in the ongoing Ghana Youth and Employment and Entrepreneurial Development Agency (GYEEDA) case, Philip Akpeena Assibit is likely to be released on bail, Monday February 24.
Checks indicate that his lawyers have now met the requirements of the bail bond.
Philip Akpeena Assibit has since Wednesday 19 February 2014 been detained at the Nsawam Prisons.
He failed to meet the court’s conditions of producing four sureties with two justifications worth Ghc 2 million.
Philip Akpeena Assibit who is the Chief Executive Officer of Goodwill International Consultancy Firm was earlier granted bail by the commercial court division of the Accra High Court.
He was asked to produce four sureties with two justifications, but he failed to meet the court’s conditions for which reason he was sent to the Nsawam Prisons.
A member of his legal team, Joseph Kpemka told Citi News in an earlier interview his client was detained at the Nsawam Prisons until the bail bond conditions were met.
According to Lawyer Kpemka two out of the four sureties could not meet the required justification demanded by the court to warrant Philip’s bail.
Philip Akpeena Assibit is standing trial with the former GYEEDA national Coordinator, Abuga Pele over alleged financial misappropriation of GYEEDA funds.
By: Abdul Karim Naatogmah/citifmonline.com/Ghana