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Kofi Boat 100M$ fraud case

Isaac Kofi Oduro Boateng, widely known as Kofi Boat, has reportedly turned whistleblower after his dramatic arrest in connection with a $100 million international fraud scheme. The Ghanaian businessman, often referred to as the godfather of dancehall star Shatta Wale, is now said to be cooperating with authorities, revealing explosive information about powerful individuals who allegedly benefited from his criminal network.

According to a report published by The New Republic on June 19, 2025, Kofi Boat is assisting both the Ghana Police Service and the U.S. Federal Bureau of Investigation (FBI) in their joint investigation. Sources claim he has submitted compelling evidence, naming prominent Ghanaian politicians and business figures involved in or profiting from the illicit operation.

Kofi Boat was arrested on Friday, June 13, 2025, alongside two associates — Inusah Ahmed (aka Pacal) and Derrick Van Yeboah. A fourth suspect, Patrick Kwame Asare, is currently on the run and being pursued by authorities.

Law enforcement agencies believe Kofi Boat headed a well-organized crime syndicate with deep international ties, responsible for siphoning millions of dollars through online fraud, fake investments, and money laundering.

As the investigation progresses, the fallout from Kofi Boat’s cooperation is expected to shake Ghana’s political and business elite, with potential prosecutions looming.

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