A 25-year-old National Service personnel, Jesper Kobina Mensah, has been arrested for allegedly stealing GH¢303,950 from a Stanbic Bank Ghana account and using the funds to invest in cryptocurrency.
The theft came to light after the account holder — a Ghanaian based in South Africa — reported unauthorized electronic transactions from his account. The total amount stolen was GH¢303,950.
Investigations revealed that the funds were transferred to multiple MTN Mobile Money accounts, including:
- 0598633019 (Abraham Seidu)
- 0544116186 (Stephen Eshun)
- 0597564947 (Fatau Sulley)
Fatau Sulley, a known Binance merchant who trades in USDT (a digital currency), admitted receiving money through Mobile Money for crypto transactions.
However, he claimed he only acted as an intermediary and was unaware the funds were stolen.
Following the complaint, police tracked Jesper Kobina Mensah to his hideout in Nungua, a suburb of Accra, where he was arrested.
A search of his residence uncovered a large cache of devices and SIM cards linked to digital fraud, including:
- 2 laptops
- Several mobile phones
- 108 registered SIM cards
- 27 empty Telecel SIM starter packs
- 72 registered MTN SIM cards
- 88 empty MTN SIM starter packs
During questioning, Jesper admitted to operating two key mobile numbers used in the transactions and acknowledged receiving the stolen funds.
However, he claimed he was acting under instructions from unidentified Chinese individuals who allegedly told him to convert the money into cryptocurrency and transfer it via the Binance platform.
Police investigations are ongoing.
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