A 25-year-old National Service personnel, Jesper Kobina Mensah, has been arrested for allegedly stealing GH¢303,950 from a Stanbic Bank Ghana Limited account and channeling it into cryptocurrency investments.

The theft came to light after the account holder, a Ghanaian based in South Africa, reported unauthorized electronic transfers amounting to the same figure.

Police investigations revealed that the funds had been moved into multiple MTN Mobile Money accounts, including those registered to Abraham Seidu (0598633019), Stephen Eshun (0544116186), and Fatau Sulley (0597564947).

Sulley, identified as a Binance merchant dealing in USDT, admitted to receiving the funds through MoMo for cryptocurrency trading but claimed he only acted as a middleman.

Acting on intelligence, police traced Kobina to his hideout in Nungua, Accra, where he was arrested.

A search led to the discovery of several items linked to digital fraud, including:


  • Multiple mobile phones

  • Two laptops

  • 108 registered SIM cards

  • 27 empty Telecel SIM packs

  • 72 registered MTN SIM cards

  • 88 empty MTN SIM packs

  • Other related gadgets

In his caution statement to the Police, Kobina confessed to using two of the phone numbers connected to the transactions and acknowledged receiving the stolen money.

However, he denied being the mastermind, claiming that unidentified Chinese nationals directed him to convert the funds into USDT and remit them through Binance.