A 28-year-old businessman, Abdul Kadir Nasir, has been hauled before the Dansoman Circuit Court for allegedly defrauding seven foreign exchange traders under the pretense of conducting currency exchange transactions, only to reportedly use the funds for online betting.
Nasir, who operates within the Tudu area of Accra, pleaded not guilty to seven counts of fraudulent breach of trust, contrary to Section 128 of the Criminal Offences Act, 1960 (Act 29). The case is being presided over by Her Honour Halimah El-Alawa Abdul-Baasit.
According to the prosecution, led by Chief Inspector Christopher Wonder, the accused on March 8, 2025, approached several forex traders at Tudu, claiming he had secured a transaction that required both local and foreign currencies.
The traders, trusting his assurances, handed him various sums totalling over GH¢325,000 and US$5,700.
The complainants include: Mohammed Osman – US$5,200, Abdul Rahman Seidu – US$500, Musah Zibo – GH¢50,000, Safiyan Iddriss – GH¢65,000, Jibril Adams – GH¢110,000, Sumana Munkaila – GH¢25,000, and Bilyamin Abdul Rahman – GH¢15,000.
However, Nasir reportedly vanished after receiving the funds. When later confronted by the complainants, he claimed the money had been deposited into his mobile money account and subsequently used by an “unknown Nigerian man” to place bets on an online betting platform.
Nasir has so far refunded GH¢10,000 during police investigations. The accused has been 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. He has also been ordered to deposit his Ghana Card with the court registry. The case has been adjourned to August 18, 2025, for further hearing.
The post Man, 28, accused of defrauding Forex traders to fund betting appeared first on The Ghanaian Chronicle.
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