Justice Srem Sai, the Deputy Attorney General and Minister of Justice, has revealed why LPG founder Kofi Akpaloo is in the Economic and Organised Crime Office (EOCO) custody.
According to the deputy AG, Kofi Akpaloo is under investigation for allegations of various financial crimes, including fraud, causing financial loss to the State, dissipation of public funds, and money laundering.
In a social media post on X, Justice Srem Sai stated, “Suspect PERCIVAL KOFI AKPALOO is under investigation on allegations of various financial crimes (including fraud, causing financial loss to the State, dissipation of public funds, and money laundering).
EOCO officials arrested him on Wednesday, September 3, 2025. He has, however, been granted police bail with the following conditions: GHC 10 million bond with 2 sureties to be justified.
The suspect remains in the custody of EOCO pending the fulfilment of the bail conditions”, he added.
On September 3, 2025, news broke of EOCO picking up Kofi Akpaloo, the presidential candidate and leader of the Liberal Party of Ghana (LPG).
According to sources, Kofi Akpaloo was picked up by EOCO’s Surveillance and Asset Recovery unit (SARU).
The family of Kofi Akpaloo confirmed the news but did not disclose any reason for his detention.
The family sources revealed Kofi Akpaloo was picked up from his home in Kumasi.
According to them, they do not know his current whereabouts are unknown.
Meanwhile, the Legal Counsel for Kofi Akpaloo, Enoch Afoakwa, has stated that the Economic and Organised Crime Office (EOCO) has not formally charged his client after his arrest.
According to Afoakwa, Akpaloo’s case involves a civil commercial dispute that is currently under investigation by EOCO.
He added that the case is also being followed before the Commercial Division of the High Court in Accra.
Akpaloo’s legal counsel also refuted widespread rumours that Akpaloo’s wife was also arrested.
Speaking on Adom FM Thursday, September 4, 2025, Afoakwa stated, “He has not been formally charged but has been cautioned on some offences they are investigating”.
“… It centers on a civil commercial dispute which I’m handling parts of and on behalf of Kofi Akpaloo before the High Court’s Commercial Division in Accra. It is the same case EOCO is investigating.
It centres on a civil commercial dispute between a private engagement he undertook. His wife isn’t part of the case but only Akpaloo, who is currently in the custody of EOCO,” he added.
In related news, Kofi Akpaloo was recently in the news when he shockingly stated that God used the helicopter crash as a reminder to the National Democratic Congress (NDC) government not to lie to Ghanaian cocoa farmers.
According to Kofi Akpaloo, the NDC in opposition promised cocoa farmers they were going to raise a bag of cocoa to 7000 cedis, but only added 128 cedis to the bag of cocoa.
Speaking on Wontumi TV, Kofi Akpaloo shockingly claimed, “God is not asleep. You saw where the helicopter crash occurred? A cocoa farm. The cocoa farmer that they deceived, this is what happened. Someone will remember it one day. This is not politics. Everything that happens is God who makes it happen.
God used the cràsh as a reminder, don’t lie to cocoa farmers”.
He added, recounting an incident that happened to the now Health minister, Mintah Akandoh, “I told you about Akandoh. God knows he will become a health minister, so he made something small happen to him, and he was rushed to Kumasi. Go was telling him that if he became the Health Minister all health projects he should continue them because it is necessary”.
“You told the cocoa farmers you were going to give them GHC7000 when you came into office. They all placed their hope on you, and you only added 128 cedis to their money”, Kofi Akpaloo noted.
He added, “Then, in the morning, a plane carrying eight people crashed on a cocoa farm, killing them. Do you think it’s for nothing? Don’t take things for granted. God is reminding you, God is reminding you, don’t lie to them again.
This is not about politics. I am telling you as it is, you lied to them, the people who voted for Mahama. These were some of the lies they told them: they lied on the plane, they lied on the cocoa farm, and God is using this as a reminder to them”.
See the post below:
Suspect PERCIVAL KOFI AKPALOO is under investigation on allegations of various financial crimes (including fraud, causing financial loss to the State, dissipation of public funds, and money laundering).
— Justice Srem-Sai (@JusticeSremSai) September 5, 2025
EOCO officials arrested him on Wednesday, September 3, 2025. He has,…