Attorney General and Minister for Justice, Dr Dominic Ayine, has announced that Percival Kofi Akpaloo (also known as Kofi Akpalu), his wife Delvine Akpaloo, and a company linked to them will face charges for alleged stealing, forgery, money laundering, and related offences.
Addressing the press in Accra on Monday, December 22, 2025, Dr Ayine explained that the case originated from a suspicious transaction report filed by the Financial Intelligence Centre (FIC) after flagging unusual activities in an account belonging to Pomaa Universal Ghana Limited, a company owned by Mr Akpaloo.
“Following the report, the Economic and Organised Crime Office (EOCO) began an investigation into the matter,” he said.
Investigations revealed that the legitimate contractor awarded a GH¢29 million feeder roads contract by COCOBOD in December 2022 was Pomaa Universal Ghana Limited, a company wholly owned by a woman identified as Akua Pomaa.
While the project commenced and initial payments were properly made to the rightful company, subsequent transactions raised red flags involving misrepresentation, forgery, and unauthorised handling of cheques.
Dr Ayine disclosed that Mr Akpaloo allegedly incorporated another company with a nearly identical name, Pomaah Universal (Gh.) Ltd, deliberately adding an “H” to distinguish it slightly from the original entity.
“Between December 2022 and June 2024, he collected eight cheques issued by COCOBOD in the name of the original and authentic Pomaa Universal Ghana Limited, totalling GH¢3.1 million, and deposited them into an account belonging to the company he had created,” the Attorney General stated.
He added that Akua Pomaa, the owner of the legitimate company, was unaware of the second entity and the diversion of funds until COCOBOD contacted her in June 2024 regarding outstanding balances on the contract.
“The suspects who have been investigated are Percival Kofi Akpaloo, Pomaah Universal (Gh.) Ltd, and Delvine Akpaloo, the spouse of Percival Kofi Akpaloo. The evidence shows that they engaged in various criminal offences, including stealing, forgery and money laundering and will be charged by my office in January,” Dr Ayine said.
The Attorney General emphasised that the prosecution underscores the government’s resolve to combat financial crimes and ensure accountability in the handling of public contracts. Charges are expected to be filed in January 2026 once all processes are complete.