ATM Fraud: How a Student Allegedly Withdrew GH¢24,849 From GCB Bank Machines Using Stolen Cards
- Regan Kwesi Egbe Addo, a student, was arrested and is facing charges for allegedly stealing GH¢24,849 via ATM fraud
- Addo has been charged with two counts of stealing in two separate cases, in which he pleaded not guilty to the charges
- The prosecution in court at the Dansoman Circuit Court outlined how the suspect was able to allegedly trick victims and steal their money
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A student is in trouble with the law after being caught in the allegedly fraudulent withdrawal of cash from ATMs.
The student is said to have used a GCB Bank card to fraudulently withdraw GH¢24,849 from the accounts of two customers.
Source: Getty Images
GNA reported that the accused, identified as Regan Kwesi Egbe Addo, is before the Dansoman Circuit Court.
He was arrested during the high-profile Diaspora Summit 2025 held at the Accra International Conference Centre on December 19.
3News reported that he has been charged with two counts of stealing in two separate cases, in which he pleaded not guilty to the charges.
According to the prosecution, the first incident occurred on September 17, 2025, when Addo allegedly posed as a staff member of GCB Bank at the Ministries ATM in Accra.
Chief Inspector Christopher Wonder, who led the prosecution, told the court that the accused approached a customer and deceived him into following him to the Société Générale Ghana Bank Premier Towers branch under the pretext of offering assistance.
The court heard that Addo stood behind the complainant while he entered his personal identification number (PIN) at the ATM. He later requested to “clean” the chip on the ATM card, during which he allegedly swapped the card without the customer’s knowledge.
Using the stolen card, Addo is said to have withdrawn GH¢14,949 from the complainant’s account at various locations in Accra, including ATMs at the Kempinski Hotel and the Airport City Shell Fuel Station.
Investigators from the Ministries Police Station retrieved closed-circuit television footage from GCB Bank, which helped to track the movements of both the complainant and the accused.
In a second case, Addo is alleged to have used a similar method on December 23, 2025, to steal GH¢9,900 from the account of a female customer of GCB Bank, who is also a staff member of the Ministry of Fisheries.
The prosecution said the incident occurred at about 4:40 p.m. on that day. The victim later reported the matter to the police after learning that the accused had been arrested and placed on a wanted list for alleged ATM card thefts within the Accra Central Division.
Following his arraignment, the court admitted Addo to bail and directed him to appear for a case management conference on March 11, 2026.
The court further ordered the prosecution to file its witness statements and other necessary disclosures ahead of the next hearing.
The case has drawn attention to the growing trend of ATM-related fraud in Accra, with police urging the public to be cautious and avoid accepting unsolicited assistance at cash machines.
Woman arrested for allegedly stealing GH¢800k
YEN.com.gh reported that a trader was arrested after allegedly stealing and laundering money mistakenly credited to her bank account.
The trader, Constance Gyasi Nimako, was accused of spending GH¢770,500 out of GH¢800,000 that was mistakenly transferred to her.
She allegedly moved GH¢300,000 to her mother’s Fidelity Bank account, transferred GH¢400,000 to her own GCB Bank account, and withdrew GH¢70,500 in cash.
Nimako was charged with stealing and money laundering, along with her mother, Cecilia Gyasi.
Source: YEN.com.gh
