The Economic and Organised Crime Office (EOCO) has granted Suame Member of Parliament John Darko enquiry bail after he reported to investigators to assist with an ongoing investigation into an alleged criminal conspiracy involving SIC Savings and Loans Company Limited.
In a news release dated October 13, 2026, EOCO said Mr Darko honoured its invitation and reported to the Office at exactly 12 noon to provide information relevant to the investigation.
The EOCO statement comes days after John Darko disclosed on Saturday, October 3, 2026, that he had been told he was also involved in the investigation into Manhyia South MP Nana Agyei Baffour Awuah, saying he would cooperate if invited.
“I have been told that I’m also involved. I don’t know. And so I will wait until I get an invitation from them. Then I can go and tell whatever I know,” he said.
Darko, who is also Legal Counsel to the Minority Caucus, had previously condemned EOCO’s attempt to arrest Baffour Awuah at the Accra High Court on September 23, 2026, describing the incident as unacceptable and warning that no state institution should operate above the Constitution.
The investigation concerns alleged unauthorised financial transactions at SIC Life Savings and Loans Company Limited. Baffour Awuah, who is the Senior Partner of Sarkodie Baffour Awuah & Partners, was engaged by SIC Life in May 2020 to recover a debt from Equity Savings and Loans Limited.
In July 2024, SIC Life, Equity, and Eco Swiss Investment Limited executed Terms of Settlement under which SIC Life agreed to accept GH¢5,000,000.00 in full and final settlement of a revised judgment debt of GH¢14,850,776.14. The State alleges the MP was instrumental in arranging the transaction and later transferred GH¢1,000,000.00 to the then Managing Director of SIC Life.
Baffour Awuah has been charged with conspiracy to commit a crime (intentional dissipation of public funds), intentionally causing financial loss to a public body, and money laundering. He is expected to be arraigned before the High Court’s Specialised Jurisdiction Division.
The Office described the MP as cooperative throughout the process.
“The Honourable Member was respectful, cooperative and fully responsive throughout the investigative process,” EOCO said.
It added that the decision to grant him enquiry bail was based on the circumstances of the case, the applicable law and his level of cooperation with investigators.
EOCO said the investigation concerns an alleged criminal conspiracy that has resulted in a revised estimated financial loss of approximately GH¢27 million to SIC Savings and Loans Company Limited.
The Office did not provide further details about the specific allegations against Mr Darko in the release.
EOCO stressed that investigations were ongoing and that no conclusion had been reached regarding the culpability of any person connected to the matter.
The grant of enquiry bail does not, in itself, establish wrongdoing by the MP.
EOCO also disclosed that the former Managing Director of SIC Life Savings and Loans, Amma Frimpomaa Dwumah, has honoured its invitation and is cooperating with investigators.
EOCO said investigations remain active and no conclusion has been reached regarding the culpability of any person connected to the matter.
Further updates are expected as the investigation progresses.