The Accra High Court has thrown out an application filed by the Office of the Special Prosecutor (OSP) against a Ghanaian businessman, Nana Yaw Duodu, also known as Dr Sledge.
The Law Platform has reported that the OSP prayed on the High Court to grant an order confirming the freeze placed on properties belonging to Dr Sledge and others.
However, the Commercial Division Five of the High Court dismissed the application following legal arguments presented by Dr Sledge’s counsel, the respected Alex Kofi Osei-Owusu.
The case was presided over by Justice Samuel Daniel Kotey.
The OSP in its application sought an order for the continued freezing of Dr Sledge’s properties, including a vehicle, an unregistered Rolls-Royce Maserati Phantom S/C, two Mercedes-Benz vehicles, two bullion vans, a Lexus SUV, and two Toyota Land Cruisers.
Personal belongings such as jewellery and other personal effects of the first respondent, Dr Sledge, were also itemised for confirmation of their freeze.
It will be recalled that, in September, Dr Sledge was detained by the OSP after he reportedly failed to meet bail conditions.
He was later released from the custody of the OSP after meeting his bail conditions on Monday, September 29.
Dr Sledge is under investigation for suspected corruption and corruption-related offences linked to the Minerals Income Investment Fund (MIIF), gold trade programme.
In February 2025, the Special Prosecutor, Kissi Agyebeng, revealed the probe into the alleged corruption at the MIIF, alleging that over $94 million in state funds were lost through Goldridge Refinery’s failure to honour trade settlements under the Gold for Oil initiatives.
The OSP then stormed the Trassaco residence of Nana Yaw Duodu, also known as Dr Sledge and his East Legon offices of Goldridge Company Limited.
The OSP raids follow ongoing investigations into the $94 million Minerals Income Investment Fund (MIIF) gold trade programme.
According to the OSP, the raid was conducted under warrants issued by the High Court in Accra, which target suspected corruption and corruption-related offences.
The OSP search led to the seizure of luxury vehicles, jewellery, firearms, and documents connected to landed properties linked to the $94m MIIF Probe.
A post by the OSP on social media read, “As part of ongoing investigations, the Office of the Special Prosecutor (OSP) today conducted searches at the Trassaco residence of Nana Yaw Duodu, also known as Dr Sledge, and at the East Legon offices of Goldridge Company Limited. The searches were carried out under warrants issued by the High Court in Accra.
Nana Yaw Duodu is under investigation for suspected corruption and corruption-related offences linked to the Minerals Income Investment Fund (MIIF) gold trade programme, which allegedly caused a loss of US$94 million to the State.
The OSP’s Asset Recovery and Management Team seized several items, including luxury vehicles, jewellery, weapons, and documents relating to landed properties”.