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    Home»General News»Akpaloo’s GHS3m COCOBOD Cheque Switcheroo

    Akpaloo’s GHS3m COCOBOD Cheque Switcheroo

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    By TNRgh on December 23, 2025 General News
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    AG Sets January Trap for LPG Maverick and Wife

    By Prince Ahenkorah

    Ghana’s anti-corruption hounds are circling Percival Kofi Akpaloo, the brash 2024 Liberal Party of Ghana (LPG) presidential contender, with Attorney General Dominic Ayine signaling a January 2026 courtroom ambush on charges of theft, forgery, and money laundering unveiling a slick corporate mimicry scam that allegedly diverted GHS3.16 million in COCOBOD feeder road funds into Akpaloo’s pockets via a phantom firm.
    In a calculated disclosure on Monday, December 22, 2025, Ayine traced the trail back to a Financial Intelligence Centre (FIC) red flag on dodgy flows at First Bank Ghana, sparking an EOCO deep dive.

    The real target? Legit contractor Pomaa Universal (Gh.) Ltd, owned by Akua Pomaa, which bagged a GHS29.5 million road gig from COCOBOD in December 2020.

     Initial payouts hit the mark, but subsequent cheques turned toxic: Akpaloo, insiders claim, quietly spawned a near-identical clone Pomaah Universal (Gh.) Ltd, with a sly ‘h’ twist to intercept the cash.
    From December 2022 to June 2024, eight COCOBOD cheques worth GHS3,169,432.22 made out to the original firm—slid into Akpaloo’s bogus account, no questions asked.

    Pomaa, blindsided until COCOBOD chased her for unpaid balances in June 2024, alleges Akpaloo forged her signature under her old moniker, Mercy Owusu, to lock in the contract sans consent. “He rerouted everything without a whisper,” Ayine relayed, with First Bank’s internal probe confirming the deliberate sleight: mismatched names and accounts, though the lender owned up to its own blind spots in flagging the farce.
    The net widens to Akpaloo’s spouse, Delvine, and their shell company, all tangled in what EOCO dubs a web of theft, forgery, and laundering.

    As Ghana’s graft crackdown intensifies under Mahama, this sting rooted in a simple spelling ploy exposes the underbelly of state contracts, where political upstarts like Akpaloo allegedly feast on public purses. Ayine vows no delays: charges drop post-holidays, evidence ironclad.
    For the LPG firebrand, whose 2024 bid fizzled amid whispers of opportunism, this could be the kill shot clawing back cedis and credibility in a system weary of elite escapes. But with banking lapses in the mix, questions linger: how deep does the rot run in Accra’s financial pipelines?

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