Kofi Akpaloo, the presidential candidate and leader of the Liberal Party of Ghana (LPG), is still in the custody of the Economic and Organised Crime Office (EOCO) five days after his arrest.
Mr Akpaloo remain in EOCO custody after failing to fulfil the GHC10 million bail.
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.
However, 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.
Additionally, some Ghanaians have reacted to the news, saying, “They should replay the helicopter crash video for him to watch severally until he falls asleep”.
“Charlie the thing emake serious like that, I thought these people were always going to have their way oooo”, a netizen added.
A netizen added, “Somebody should tell him to call Akyim mafia akufo addo criminal to come and bail him
Naniama Criminal next time you will know who or party to align with”,
Also, one more netizen added, “As an Ewe, think twice before you align with NPP because they wouldn’t care about you in times of trouble. See how they remain silent on this one. Let it be an Akan man, you will see the noise from the NPP”.
See the post below:
LPG founder, Kofi Akpaloo, remains in EOCO custody 5 days after arrest over failure to fulfill GHC10 million bail#JoyNews pic.twitter.com/9unjdXy51M
— Joy 99.7 FM (@Joy997FM) September 8, 2025