A businessman, Abdul Kadir Nasir, has been arraigned before the Dansoman Circuit Court for allegedly misappropriating various sums of money entrusted to him by multiple foreign exchange traders at Tudu in the Greater Accra Region.
The case, presided over by Her Honour Halimah El-Alawa Abdul-Baasit, saw the accused plead not guilty to seven counts of fraudulent breach of trust.
He was granted bail in the sum of GH¢150,000 with two sureties, one of whom must be a public servant earning not less than GH¢2,000 monthly. The matter was adjourned to August 18, 2025.
According to the prosecution, led by Chief Inspector Christopher Wonder, the accused allegedly committed the offences on March 8, 2025. He approached each complainant individually, claiming he had clients seeking both local and foreign currencies.
He requested to be entrusted with the funds in order to deliver the money to the supposed clients and return with the exchanged currency.
The complainants—Mohammed Osman, Abdul Rahman Seidu, Musah Zibo, Safiyan Iddriss, Jibril Adams, Sumana Munkaila and Bilyamin Abdul Rahman—are all forex traders operating at Tudu.
Each of them handed over various sums: US$5,200 from Mohammed Osman, US$500 from Abdul Rahman Seidu, GH¢50,000 from Musah Zibo, GH¢65,000 from Safiyan Iddriss, GH¢110,000 from Jibril Adams, GH¢25,000 from Sumana Munkaila and GH¢15,000 from Bilyamin Abdul Rahman.
After receiving the funds, Nasir allegedly failed to return. When the complainants later confronted him, he claimed to have uploaded the monies onto his mobile money account, but said the entire amount was used by an unknown Nigerian man to place bets online.
During the investigation, the accused refunded GH¢10,000 to the police. He is currently standing trial at the Dansoman Circuit Court.
