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 case came to light after a Ghanaian based in South Africa reported unauthorized electronic transfers from his account.
Police investigations revealed that the funds were moved into multiple MTN Mobile Money wallets, including those registered to Abraham Seidu, Stephen Eshun, and Fatau Sulley.
Sulley, identified as a Binance USDT merchant, admitted receiving the money but claimed he acted only as a middleman in the transactions.
Police later arrested Kobina at his hideout in Nungua, Accra, where a search uncovered several devices linked to digital fraud — including laptops, mobile phones, 108 registered SIM cards, 72 MTN SIM cards, and dozens of empty SIM packs.
During interrogation, Kobina confessed to using some of the numbers involved in the transfers and acknowledged receiving the stolen funds.
However, he denied being the mastermind, alleging that unknown Chinese nationals instructed him to convert the money into USDT and transfer it via Binance.
