Percival Kofi Akpaloo, the founder and leader of the Liberal Party of Ghana (LPG), has revealed he has filed a lawsuit against the Economic and Organised Crime Office (EOCO) at the Kumasi High Court.
Akpaloo disclosed that the lawsuit stems from what he describes as his unlawful arrest in connection with allegations surrounding an Electricity Company of Ghana (ECG) contract.
According to Kofi Akpaloo, he did not receive any government funds to execute the contract and was therefore surprised by allegations by EOCO that he had embezzled money.
He stressed that he personally financed the project and possesses documents to back his claims.
Kofi Akpaloo boldly added that he is not corrupt, contrary to what has been claimed by EOCO.
Speaking on Angel FM on June 22, 2026, Kofi Akpaloo stated, “I have filed a suit against EOCO at the Kumasi High Court over what I believe was my unlawful arrest and the violation of my rights. The case has been scheduled for July 6, 2026”.
“I financed the contract with my own money, and I have documents to support that. The funds used for the project did not belong to anyone else. In some cases, the government provides mobilisation funds to contractors to begin work, but I did not receive any such payment,” he said.
“There were allegations that I was awarded an ECG contract and embezzled the funds. People discussed the matter on the radio and made accusations against me. But if those claims were true, why have I not been arrested?
“ECG even struggled to pay me because I had used my own resources to finance the project. When I heard the allegations, I laughed because I knew they were false,” he stated.
“I am a man of integrity, and I am not corrupt. In this country, people can make baseless allegations against others,” he added.
It will be recalled that EOCO in September 2025 picked up Kofi Akpaloo as part of investigations into allegations of fraud, causing financial loss to the state, dissipation of public funds, falsification of documents, and money laundering.
According to sources, Kofi Akpaloo was picked up by EOCO’s Surveillance and Asset Recovery Unit (SARU).
The family of Kofi Akpaloo confirmed the news but did not disclose any reason for his detention.
The family sources revealed Kofi Akpaloo was picked up from his home in Kumasi.
According to them, they do not know his current whereabouts are unknown.
He was later granted a GH₵10m bail with 2 sureties to be justified.
Meanwhile, Dr Dominic Ayine, the Attorney General and Minister for Justice, has announced that Percival Kofi Akpaloo and others will be charged with stealing, forgery and money laundering.
According to the Attorney General, Kofi Akpaloo alleged misconduct stemmed from an alleged financial impropriety involving a COCOBOD feeder roads contract.
Speaking to the media in Accra on Monday, December 22, the Attorney General detailed, “In the case involving Mr Percival Kofi Akpaloo of the Liberal Party of Ghana, the Financial Intelligence Centre (FIC) flagged and filed a suspicious transaction report with First Bank Ghana regarding transactions on an account belonging to Pomaah Universal (Gh) Ltd.
Following the STR by the FIC, the EOCO began an investigation into the matter. The investigations revealed that Pomaa Universal (Gh.) Ltd, a business entity owned entirely by Akua Pomaa, was the legitimate contractor that was awarded a COCOBOD feeder road contract.
The contract, valued at over Ghs29.5 million, was awarded in December 2020. Although the project commenced and an initial payment was properly deposited into Pomaa Universal Limited’s account, subsequent payments raised serious concerns regarding misrepresentation, forgery, and unauthorised handling of cheques.
Investigations revealed that Akpaloo secretly incorporated a separate company, Pomaah Universal (Gh.) Ltd, deliberately designed to closely resemble Pomaa Universal (Gh.) Ltd, differing only by the addition of an ‘h’”.
He further detailed, “Between December 2022 and June 2024, Akpaloo collected eight cheques issued by COCOBOD in the name of Pomaa Universal (Gh.) Ltd, totalling Ghs3,169,432.22, and deposited them into the account of his own company at First Bank Ghana.
Again, investigations confirmed that Akua Pomaa was unaware of the existence of Pomaah Universal (Gh.) Ltd and the diversion of funds until COCOBOD contacted her in June 2024 regarding outstanding balances on the contract.
She subsequently discovered that Akpaloo had collected and misdirected the payments without her consent. Akua Pomaa also alleged that Akpaloo forged her signature on the COCOBOD contract using her former name, Mercy Owusu, to secure the agreement without her authorisation”.
Watch the video below:
“I financed the ECG contract myself. The government did not give me any money, so it was surprising to hear the allegations against me. I am not corrupt, contrary to what has been claimed. I have filed a lawsuit against EOCO, and we will meet in court on July 6, 2026.”
— 𝐀𝐒𝐊 (@askghmedia) June 22, 2026
— Liberal… pic.twitter.com/MBy9Fi85N1
