By Daniel Bampoe
Court-appointed bailiffs, accompanied by police officers, have reportedly moved to seize properties belonging to Zeepay Ghana Limited and its Chief Executive Officer, Andrew Takyi-Appiah, following the company’s failure to satisfy a High Court judgment exceeding US$11.6 million.
The enforcement action comes after the Court of Appeal dismissed an application by Zeepay and its CEO seeking to stay the execution of the judgment while they pursue an appeal, effectively clearing the way for the judgment creditor to recover the debt through the attachment of company and personal assets.
Videos circulating on social media showed police officers and court officials at what is believed to be the residence of Takyi-Appiah as part of the execution process.
According to reports, the operation targeted several assets, including the Zeepay headquarters at Cantonments, opposite the Ghana International School, vehicles belonging to the company, as well as the CEO’s residence and personal vehicles.
The legal dispute stems from a Commercial Division of the High Court judgment delivered on April 16, 2026, in favour of businessman Michael Yusuf, who sued Zeepay and its Chief Executive Officer over funds allegedly deposited for onward international transfers that were never completed.
The High Court entered summary judgment against the defendants after concluding they had failed to present a reasonable defence to the claims brought by the plaintiff.
The court consequently ordered Zeepay and Takyi-Appiah to pay US$11,585,753, €8,500 and GH¢1.4 million, together with interest from the date of judgment until final payment.
Additionally, the court awarded GH¢500,000 in legal costs against the defendants.
One of the most significant aspects of the ruling was the court’s refusal to remove Takyi-Appiah as a defendant in the case.
According to the court, evidence presented during the proceedings showed that a substantial portion of the disputed funds had allegedly been transferred directly into the CEO’s personal mobile money wallet.
The court held that this evidence made him a proper party to the action and potentially personally liable alongside the company.
Following the High Court judgment, Zeepay and its CEO appealed the decision and sought a stay of execution to prevent enforcement pending the determination of the appeal.
However, the Court of Appeal, constituted by Justices Anthony Oppong, Francis Koffie and Yaw Oppong, dismissed the application.
The appellate court ruled that the applicants failed to provide sufficient evidence to show that the judgment creditor would be unable to refund the monies if the appeal eventually succeeded.
