The founder and leader of the Liberal Party of Ghana (LPG), Kofi Akpaloo, has broken his silence on his detention by the Economic and Organised Crime Office (EOCO).
Kofi Akpaloo was released from EOCO custody on Thursday, September 11, 2025, after satisfying the conditions of a GH¢10 million bail granted to him.
In a video on social media, Akpaloo walked out of EOCO’s premises in Accra, receiving hugs from friends and loved ones.
Speaking in a viral video, Akpaloo linked his arrest to politics and retaliation for his criticism of the government.
He stated, “They said they are conducting investigations, but as you know, it is all politics. The things I said the last time are what have formed the basis for their actions”.
Kofi Akpaloo, today, September 12, 2025, has said he was ordering food from Starbites and Mövenpick while at EOCO.
According to him, he had a good time in EOCO custody as he was on vacation.
Me Akpaloo is quoted by GHOne TV to have said, “I was ordering food from Starbites and Mövenpick while at EOCO. I had a good time”.
He further added, “ I was on a vacation at EOCO, it was a moment to stay off social media”.
Meanwhile, the General Secretary of the LPG, Jerry Owusu, has shed light on the circumstances surrounding the detention of the party’s founder, Kofi Akpaloo, by EOCO.
Jerry Owusu explained that Akpaloo allegedly used a friend’s company documents to secure a COCOBOD road construction contract, but the friend embezzled about 1.3 million cedis of the funds.
According to him, the resulting misunderstanding prompted Akpaloo to transfer the funds into another account for safekeeping, an action that has led EOCO to interrogate him on suspicion of money laundering.
Speaking on Onua FM, Jerry Owusu explained, “The issue is that Kofi Akpaloo used a friend’s company documents to secure a COCOBOD road construction contract. When the money came, his friend embezzled the funds without doing the work, which led to a misunderstanding between him and his friend.
When that happened, after working to a certain point, and he wanted to withdraw funds, his friend refused to withdraw the money for him; his friend even went behind him to cash about 1 million cedis of the cheques without his knowledge and embezzled it at the time he borrowed iron rods and cement for government work”.
He added, “So, Kofi used other means to get his money, the work that we are talking about, the government owes him about 3.5 million, for which he has raised a certificate, which COCOBOD is yet to pay.
The money that he received was 3.1 million, and his friend had embezzled 1.3 million of it. The friend does not know where the work is; the only thing he did was to provide the company documents for the contract”.
“He is still constructing the road, let it be clear, Kofi Akpaloo has not taken any government money, the speculations are too much, the case is even at the High Court between Kofi and his friend”, Jerry Owusu added.
He further revealed that EOCO arrested Kofi Akpaloo for forgery, using someone else’s name to receive money from the bank, and the money laundering is that he did not put the money in his friend’s account, but in another person’s account.
However, Justice Srem Sai, the Deputy Attorney General and Minister of Justice, has revealed why LPG founder Kofi Akpaloo is in the Economic and Organised Crime Office (EOCO) custody.
According to the deputy AG, Kofi Akpaloo is under investigation for allegations of various financial crimes, including fraud, causing financial loss to the State, dissipation of public funds, and money laundering.
In a social media post on X, Justice Srem Sai stated, “Suspect PERCIVAL KOFI AKPALOO is under investigation on allegations of various financial crimes (including fraud, causing financial loss to the State, dissipation of public funds, and money laundering).
EOCO officials arrested him on Wednesday, September 3, 2025. He has, however, been granted police bail with the following conditions: GHC 10 million bond with 2 sureties to be justified.
The suspect remains in the custody of EOCO pending the fulfilment of the bail conditions”, he added.
See the post below:
I was ordering food from Starbites and Mövenpick while at EOCO… – Kofi Akpaloo (Leader, Liberal Party of Ghana)#GHOneNews #EIBNetwork#GHOneTV #NewsAlert#StarrFM @starr1035fm pic.twitter.com/04ul3JxaVN
— GHOne TV (@ghonetv) September 12, 2025