Ghana: Police Probe Gh¢400,000 Momo Withdrawal Linked to Gold Robbery

The Police Professional Standards Bureau (PPSB) has launched investigations into an alleged unauthorised withdrawal of GH¢400,000 from a mobile money account linked to a gold robbery and fraud case.

The probe, directed by Inspector-General of Police, Christian Tetteh Yohuno, focuses on a mobile money merchant, Derrick Okyere Dapaah, also known as "Pablo," based in Kumasi.

According to a statement by the Ghana Police Service, preliminary findings indicated that the GH¢400,000 formed part of proceeds from a suspected gold robbery reported in December 2025.

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On December 8, complainant, Francis Ayaaba, reported that he was lured to Ntoaso near Nsawam to purchase gold. He said he paid GH¢500,000 in cash and transferred GH¢400,000 via mobile money. Shortly after the payment, armed men stormed the premises and robbed him of the gold.

Investigations traced the GH¢400,000 to accounts linked to Derrick Okyere Dapaah, who reportedly moved the funds across two additional accounts. The money was later withdrawn by Abudu Dauda, using a Ghana Card in the name Isagali Promise. He told investigators he acted on behalf of an individual identified as Alhaji Ibrahim.

Police secured a court order to freeze the accounts, reverse the transaction, and retrieve the funds pending the outcome of the case.

Subsequent operations led to the arrest of Abudu Dauda, Prince Ofori, and William Nene Sakitey Osabotey, a goldsmith and owner of the premises. Derrick Okyere Dapaah was also arrested and charged with abetment of crime.

All four accused were granted bail and are expected to reappear in court on April 29, 2026.

Efforts are ongoing to apprehend two other suspects, identified only as Alex and Alhaji Ibrahim, who remain at large.

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